Your
DepositAccount
Agreement&

General Terms & Conditions
Electronic Transfers
Funds Availability

Effective August 12, 2024

Member FDIC

Frequently Asked Questions to Manage
Your Account:

Table of Contents

Terms Applicable to all Accounts

What common terms should I be aware of?
Definitions

3

What happens if my account becomes overdrawn?
Liability for Charges and Overdrafts

4

Transaction Posting Order4

Insufficient Funds and Overdrafts

7

Overdraft Handling7

Overdraft Protection Plans

8

Will this Deposit Account Agreement ever change?
Changes to Our Agreement with You

14

How do I close my account?
Closing Your Account14

How can I expect to receive statements and other accountcommunications?
Statements and Notices

14

How soon can I use my funds after making a deposit?
Funds Availability: Your Ability to Withdraw Funds –All Accounts
Determining the Availability of a Deposit – All Accounts

18

Immediate Availability – All Accounts

18

Longer Delays May Apply

18

Retail Consumer, Business and Commercial Accounts

18

Wealth Management Accounts

18

Deposits at Automated Teller Machines – Retail Consumer, Business andCommercial Accounts
19
Special Rules for New Accounts – Retail Consumer and BusinessAccounts

19

Cashing Checks

19

Other Accounts

19

How do I report an error or fraud on an electronic transaction in
my account?
Electronic Fund Transfers for Consumer Customers
Electronic Fund Transfers for Business Customers

20
23This is an Agreement
Definitions
Privacy
Cellular Phone Contact Policy
Monitoring and Recording Communications
Waivers and Precedents
Applicable Law
Customer Identification Program Notice (USA PATRIOT Act)
Owner’s Authority
Authorized Access and Power of Attorney
You Cannot Transfer an Account
Change in Authorized Signers
Adjustments
Retention of Documents
Liability for Charges and Overdrafts
Transaction Posting Order
Deposits
Returned Deposited Items For Business Accounts Only
Check 21Substitute Checks and Your Rights
Copies of Documents
Night Depository
ChecksEndorsement Standards
Insufficient Funds and Overdrafts
Overdraft Handling
Overdraft Protection Plans
Refusing Payment on Your Checks
Funds Transfers
Withdrawal Rights, Ownership of Account, and Beneficiary Designation
Pledges and Security Interests in Favor of Others
Accrual of Interest
Stop Payments
Dormant Accounts and Escheat
FDIC Part 370 Record-keeping
Consumer Electronic Check Re-presentment
Checking Accounts and “Subaccounts”
Telephone Transfers
Required Signatures
Changes to Our Agreement with You
Closing Your AccountStatements and Notices
Return of Cancelled Checks
Checks, Checking Accounts and Savings Accounts with Draft Access
Savings Accounts
Time Deposits
Limit of Liability
Electronic Messages and Agreements
Levies, Garnishments and Other Legal Process
Resolving Account Disputes and Adverse Claims
Increased Costs to Maintain Your AccountConsumer Report Disputes
Account Information
SetoffSecurity Interest in Accounts
Security
Resolution of Disputes by Arbitration
Attorney’s Fees
Litigation Class Action Waiver

3
3
3
3
3
3
3
3
4
4
4
4
4
4
4
4
5
5
5
5
6
6
6
6
7
7
8
9
10
10
12
12
12
12
13
13
13
13
13
14
14
14
15
15
15
15
15
15
16
16
16
16
16
16
17
17
17
18
18

1

Funds Availability: Your Ability to Withdraw Funds – All Accounts
Determining the Availability of a Deposit – All Accounts
18
Immediate Availability – All Accounts
18
Longer Delays May Apply
18
Retail Consumer, Business and Commercial Accounts
18
Wealth Management Accounts
18
Deposits at Automated Teller Machines – Retail Consumer, Business andCommercial Accounts
19
Special Rules for New Accounts – Retail Consumer and Business Accounts 19
Cashing Checks
19
Other Accounts
19

Additional Terms for Business Accounts
Unlawful Internet Gambling and Other Illegal Transactions
Deposit of Pre-Authorized Drafts
Earnings Credit
Waiver of Notification of Redeposited Checks
Facsimile Signatures
Deposits
Fraud Prevention Measures

19
19
19
19
19
19
20

Electronic Fund Transfers for Consumer Customers
Types of Transactions

20

Limits on Transfers
Fees
Using Your Card for International Transactions
Advisory Against Illegal Use
Documentation
Preauthorized Payments
Our Liability
Unauthorized Transactions and Lost or Stolen Cards
Consumer Liability for Unauthorized Transfers
Business Days
Confidentiality
Error Resolution Notice
Notice of ATM/Night Deposit Facility User Precautions

21
21
21
22
22
22
22
22
22
22
23
23
23

Electronic Fund Transfers for Business Customers
Account Access
Limits on Transfers
Fees
Using Your Card for International Transactions
Balance Requirements
Unauthorized Transactions and Lost or Stolen Cards and Security

23
23
24
24
25
25

2

TERMS APPLICABLE TO ALL ACCOUNTSTHIS IS AN AGREEMENT
Welcome to U.S. Bank and thank you for opening an account with us.
This Agreement provides the general rules that apply to the account(s)you have with U.S. Bank (“us”) described herein. Additional rules will be
provided in:
1. disclosures we give you when you open your account for example
our Consumer Pricing Information, Business Pricing Informationand U.S. Bank Business Essentials® Pricing Information
disclosure(s) and other fee disclosures (All disclosures can beobtained by stopping in a U.S. Bank branch or for the Consumer
Pricing Information only, call 800-872-2657 to request a copy);
2. disclosures that are applicable to additional products and services(for example the Digital Services Agreement);
3. periodic statements;
4. user guides;
5. Consumer Privacy Pledge disclosure;
6. any appropriate means such as direct mail and notices on or withyour statement, including any statements or notices delivered
electronically; and7. disclosures we give you about ATM and Debit Card Overdraft
Coverage (applicable to certain consumer accounts, refer to theInsufficient Funds and Overdrafts section on page 7 for details).
These things, together, are an agreement between you and U.S. Bank.
Please read this carefully and retain it for future reference. This
disclosure is revised periodically, so it may include changes fromearlier versions.
By providing a written or electronic signature on a signature card orother agreement or contract, opening, or continuing to hold an accountwith us, you agree to the most recent version of this Agreement, whichis available to you at your local U.S. Bank branch, at www.usbank.com,
or by calling U.S. Bank 24-Hour Banking at a number listed on the last
page of this disclosure.
This Agreement represents the sole and exclusive agreement
between you and us regarding the subject matter described hereinand supersedes all previous and contemporaneous oral agreements
and understandings. If any terms of your signature card, resolution,or certificate of authority are inconsistent with the terms of thisAgreement, the terms of this Agreement will control. Any othervariations to this Agreement must be acknowledged by us in writing.
If you have any questions, please call us. Our most commonly used phone
numbers are printed on the back of this disclosure.

DEFINITIONS
The following definitions apply in this Agreement except to the extent
any term is separately defined for purposes of a specific section.
• The words “we,” “our,” and “us” mean U.S. Bank National
Association (“U.S. Bank”). We are a national bank. We are owned by
U.S. Bancorp.
• U.S. Bancorp and U.S. Bank own or control other companies,
directly and indirectly. The members of this family of companies are
our “affiliates.” The words “you” and “your” mean each accountowner and anyone else with authority to deposit, withdraw, or
exercise control over an account. If there is more than one owner,
then these words mean each account owner separately, and allaccount owners jointly.
• The term “account” means any savings, transaction (for example,
checking, NOW Account), and time deposit (for example,
certificate of deposit or CD) account or other type of account you
have with us, wherever held or maintained.
• An “owner” is one who has the power to deal with an account in his,her or its own name. An “agent,” in contrast, is one whose power
to withdraw from an account comes from, or is on behalf of, theowners. Authorized signers, designated corporate officers, trustees,
attorneys-in-fact, and convenience signers are examples of agents.
• Entities such as corporations, limited liability companies,
partnerships, estates, conservatorships, and trusts are not natural
persons, and can only act through agents. In such cases, it is the“entity” that is the owner.
• “Personal accounts” are consumer accounts in the names of natural
persons (individuals). They are to be distinguished from “nonpersonal accounts” which are accounts in the name of businesses,
partnerships, trusts and other entities.

• An “account cycle” or “statement cycle” represents the period oftime when your statement starts and ends. It’s approximately 30
days long but doesn’t necessarily align with the beginning and end of
the month and won’t end on a weekend or holiday.
Except where it is clearly inappropriate, words and phrases used in thisdocument should be interpreted so the singular includes the plural andthe plural includes the singular.

PRIVACY
Protecting your privacy is important to us. All information gathered fromyou in connection with your account relationship will be governed by theprovisions of our privacy policies which are available online, within our
mobile app(s), or by calling us.
You authorize your wireless carrier to use or disclose information about
your wireless account and your wireless device, if available, to us or ourservice provider for the duration of our relationship, solely to help us
identify you or your wireless device and to prevent fraud. See our privacy
policies to see how we treat your data.

CELLULAR PHONE CONTACT POLICY
By providing us with a telephone number for a cellular phone or otherwireless device, including a number that you later convert to a cellularnumber, you are expressly consenting to receiving communications­—­including but not limited to prerecorded or artificial voice message
calls, text messages, and calls made by an automatic telephone dialing
system—from us and our affiliates and agents at that number. This
express consent applies to each such telephone number that you
provide to us now or in the future and permits such calls for nonmarketing purposes. Calls and messages may incur access fees fromyour cellular provider.

MONITORING AND RECORDING COMMUNICATIONS
You acknowledge and agree that we, or anyone acting on our behalf,
may monitor and/or record any communication between you and us, oranyone acting on our behalf, for quality control and other purposes. You
also acknowledge and agree that this monitoring or recording may bedone without any further notice to you. The communication that may bemonitored or recorded includes telephone calls, cellular or mobile phone
calls, electronic mail messages, text messages, instant or live chat, or any
other communications in any form.

WAIVERS AND PRECEDENTS
Our Agreement with you gives us rights and duties. If we don’t takeadvantage of all our rights all the time that does not mean we lose them.
For example:• If we make funds available to you for withdrawal ahead of schedule,
that does not mean we have to do it again.
• If we pay a check that is more than your account balance, that does
not mean we have to do it again.

APPLICABLE LAW
Unless otherwise stated herein, your account and this Agreement will begoverned by federal law and, unless superseded by federal law, by thelaw of the state in which your account is located. If you opened youraccount in person, it is located in the state in which you opened it. If you
opened your account online, in the U.S. Bank Mobile App or by telephone
and you reside in a state in which we have a branch at that time (or residewithin 50 miles of a branch), it is located in the state in which the branch
is located. If you reside anywhere else, then your Account is located in
Minnesota.

CUSTOMER IDENTIFICATION PROGRAM NOTICE (USAPATRIOT ACT)To help the government fight the funding of terrorism and money
laundering activities, federal law requires all financial institutions to
obtain, verify, and record information that identifies each person who
opens an account.
What this means for you
When you open an account, we will ask for your name, address, date ofbirth, and other information that will allow us to identify you. We may
also ask to see other identifying documents like a driver’s license or
documents showing your existence as a legal entity.
Existing customers
Even if you have been a customer of ours for many years, we may ask
you to provide this kind of information and documentation because we
may not have collected it from you in the past or we may need to update
our records.
3

Failure to Provide InformationIf, for any reason, any owner is unable to provide the informationnecessary to verify their identity, their account(s) may be blocked orclosed, which may result in additional fees assessed to the account(s).

OWNER’S AUTHORITY
Each owner of a personal account, or an agent for a non-personal account,acting alone, has the power to perform all the transactions available tothe account. For example, each owner or agent can:
1. make withdrawals by whatever means are available for theaccount;
2. make deposits by whatever means are allowed for the account;
3. obtain and release information about the account;
4. sign or authenticate any document in connection with theaccount (for example, an owner can endorse a check payable to a
co-owner for deposit to a joint account);
5. give rights to others to access the account (for example, any
owner could grant a power of attorney to have access to theaccount); and6. close the account.
In addition, if you share ownership of an account with someone else(for example, you have a joint or multi-party account), then each of
you can endorse items for deposit to the account on behalf of anotherowner. If there is shared ownership of an account, it is the intentionof all owners that each of you has complete and separate access andwithdrawal rights to all the funds in the account irrespective of who
had deposited the funds in the account.
U.S. Bank makes no warranty or representation as to the suitability of any
deposit product outside the United States of America.

AUTHORIZED ACCESS AND POWER OF ATTORNEY
Each owner of your account is independently permitted to authorize
someone else to access your account. For example, the following persons
will have access to your account:
1. Any person listed on a signature card, resolution, or certificate of
authority as being authorized to make withdrawals or transfers, bycheck or otherwise, from your account;
2. Any person that you authorize to make withdrawals or transfersfrom the account by whatever means the account allows (forexample, pre-authorized withdrawals, wire transfers, ATM card,or debit card transactions);
3. Any person you give rights to act on your behalf, such as a powerof attorney;
4. Any person to whom you make your checkbook or your checking
account number available for purposes of transacting business on
the account. We discourage this type of “authorization” because
it is possible that we will detect such transactions and treat themas unauthorized. If you give any such person “authority,” we are
not responsible whether we honor the transactions or dishonor
them; and5. Any person to whom you make your ATM card or debit card
personal identification number (PIN) available. Although we
discourage this practice, by allowing this type of “authorization,”the person to whom you make your personal identification
number (PIN) available may be able to access all of your accounts
held with us by using the telephone, ATM, online or other banking
access channels. If you give any person such “authority,” weare not responsible for actions they take with respect to youraccounts.
We will use the word “agent” to mean any person who you authorize
to act on your behalf, whether by following the process we require (forexample, by designating an authorized signer on a signature card), or on
your own (for example, by creating a power of attorney). If you namesuch an agent:
1. we may require that you use forms we approve and require eachowner to sign the form to be effective;
2. the powers you give to your agent, and any limitations on thosepowers, are between you and your agent, even if we haveexpress written notice of those powers. You understand andagree that we have no duty or responsibility to monitor the actsof your agent or ensure that the acts of your agent are for yourbenefit. For example, if you only give your agent authority to
pay your bills and your agent exceeds that authority, we are notresponsible for that breach of authority;
3. you agree not to hold us responsible for any loss or damage you
incur as a result of us following instructions given to us by youragent;

4. the owners of the account are responsible to us for any actionsof your agent, regardless of whether those actions exceed theauthority given or whether the agent is appointed by all theowners or less than all the owners;
5. the agency will end if the owner dies and we have actual
knowledge of that death, or if there is more than one owner, theagency will end after the death of the last owner and we haveactual knowledge of that death and, in either case, once we’ve
had reasonable opportunity to act on it;
6. the agency will end after the owner notifies us in writing to end
the agency and we have had a reasonable opportunity to act on it;and
7. if you authorize any third person, such as a bookkeeping service,
an employee, or agent of yours to retain possession of or prepare
items, you agree to assume full responsibility for any errors or
wrongdoing performed or caused by such third person or any of
its agents or employees if we should pay any such item.

YOU CANNOT TRANSFER AN ACCOUNT
You may not transfer an account to someone else without our express
written permission. This does not limit your right to access your accountby any permissible means.

CHANGE IN AUTHORIZED SIGNERS
Any owner, including one of the owners of a joint account, may add
owners or authorized signers to an account; however, we have the rightto require the signature of all owners to make the change. Only under
special circumstances and subject to prior approval by us may an owner
remove another owner or authorized signer from an account.
No change in owners or authorized signers is effective until we havereceived written notice of the change and have had adequate time toapprove and act on it.

ADJUSTMENTS
If we (or you, or you and us together) make an error on your account, we
can fix the error without first notifying you. For example, if:• the dollar amount of your check is paid for the incorrect amount;• a deposit is added incorrectly;• we apply a deposit to the wrong account;
we can fix the error without any special notice to you, though such a
correction will normally appear on your statement if the error and thecorrection occur on different business days.
For accounts coded as Consumer and Business accounts, we may not
adjust for insignificant errors unless you request it. For all other accounttypes including Corporate and Commercial accounts, we may not adjustfor deposit errors of $50.00 or less unless we have agreed with you to alower adjustment amount.

RETENTION OF DOCUMENTS
You should retain your copy of deposit receipts and other documents
associated with your deposit(s). Should you claim that a deposit wasincorrectly credited, we may request a copy of your receipt or otherdocuments associated with your deposits.

LIABILITY FOR CHARGES AND OVERDRAFTSAll account owner(s) are responsible to repay to us any overdraft amountand any overdraft fees charged to an account, no matter which ownercaused it or why, subject to rights under the Electronic Fund TransfersAct. That repayment is due immediately, and we will take it from yournext deposit or whenever funds become available in your account. If
there is more than one owner, each owner is separately, and all owners
are jointly, responsible for an overdraft and any account fees. (Thismeans we can collect the total from any owner(s), on any of the owner(s)accounts, but we won’t collect it more than once). For more information
on overdrafts please refer to the section titled Insufficient Funds andOverdrafts.
We list the charges that you may incur on your account in separate pricing
information disclosures or agreements for your account.

TRANSACTION POSTING ORDER
We reserve the right to decide the order of the items we will pay andwhich items will be returned (if any). Our posting order may not be thesame as the order in which you conducted a transaction and could resultin overdraft fees, if you do not have available funds at the time the item
is paid. Generally, we post the following three transaction types after theclose of each business day in the following order:4

1. Deposits we receive before the daily cutoff time will be posted before
any withdrawals. (Refer to our Cutoff Time and/or Funds Availability
section for cutoff time description.)
2. Your non-check withdrawals will be posted in date/time order, basedon the date and time associated with each transaction. A date and time
(if one is available) will be assigned to each transaction based on one of
the following: (1) when the transaction was preauthorized (for example adebit card or ATM transaction was approved); or (2) when the transaction
was processed by U.S. Bank (for example an ACH, or bill pay transaction
for which there is no pre-authorization). If a date and time is not available,
these transactions are posted to your account after all transactions witha valid date and time or check number are complete, and posted to youraccount in order of amount, starting with the lowest transaction amountfirst (frequently referred to as low-to-high).
3. Your checks will be posted in check number order, starting with thelowest number. (For example: on Monday we may receive and post
check # 107; on Tuesday we may receive check # 102 and # 105, andthose would be posted on Tuesday in the order of lowest check number(e.g., # 102) posting first).

DEPOSITS
When you make a non-cash deposit to your account, we give you credit
for that deposit, but that credit is provisional (temporary). If the deposit
needs to be collected from another financial institution, we must be
paid before the credit becomes final. After a credit is final it may still bereversed if the funds cannot be collected. See the sections titled Returned
Deposited Items For Business Accounts Only and Funds Availability.
All deposit receipts are issued subject to our count and verification of
the items deposited. You should retain your copy of deposit receipts andother documents associated with your deposit(s). Should you claim that adeposit was incorrectly credited, we may request a copy of your receipt
or other documents associated with your deposit.
Foreign Currency: Deposits received in a foreign currency, whether
by check, foreign currency notes, wire-transfer, or otherwise, must be
converted to U.S. dollars prior to being deposited into your account.
U.S. Bank will convert your funds at an exchange rate established by
U.S. Bank and/or our foreign currency vendor on the business day whensuch exchange is processed. Currency exchange rates are determined inour sole discretion based on factors such as market conditions and risk,
economic and business factors. The exchange rate is an all-in rate which
includes our profit, fees, costs, and charges. Currency exchange rates
will be applied to these deposits without notice to you. You agree to thisprocedure and accept our determination of the currency exchange rates.
Foreign currency conversions and verification of foreign currency notes
can take time and exchange rates fluctuate at times significantly. Foreign
currency notes that are determined to be counterfeit, outdated, or outof circulation will be rejected for conversion and returned to U.S. Bank
as unacceptable, and U.S. Bank may reverse any provisional credit madeto your account when you deposited such items. You acknowledge andaccept all risk that may result from such fluctuations, rejections andreturns. Your transaction is a retail transaction. Retail foreign exchange
conversion rates are different from the wholesale exchange rates forlarge transactions between two banks as may be reported in The WallStreet Journal or elsewhere. Exchange rates offered by other banks orshown at other sources (including online sources) may be different fromour exchange rates. The exchange rate you are offered may be different
from, and likely inferior to, the rate paid by U.S. Bank to acquire theunderlying currency. The exchange rate may also be different from a rate
offered by U.S. Bank to a different customer, at a different time, for adifferent transaction amount, or in a different payment channel (checks,
wire-transfers, etc.).
U.S. Bank sometimes relies on other financial institutions or vendors in
the conversion process. In this event, the conversion and acceptanceof notes will be in accordance with the policies and procedures of thatbank or vendor and the funds will be converted at the exchange rate
determined by that bank or vendor. Any fees or charges assessed by thatbank or vendor will be passed on to you. Your final credit will be adjusted
to reflect that final exchange rate and acceptance of notes less all feesor charges.
Foreign Checks: Checks and other items drawn off a foreign financial
institution, whether negotiable in a foreign currency or in U.S. dollars
may require special funds collection processing by us. As a result, funds
availability may be delayed. If you deposit such an item, you agree that
we may delay funds availability at our discretion until we are satisfied that
we have received final payment of the item.
Deposits by Mail: Deposits you send by mail are considered depositedon the business day it arrives at the bank. (See our Funds Availability
section.)Cutoff Time: A deposit made after our daily cutoff time on a businessday, or on a day we are not open for all forms of business, will beconsidered deposited on the next full business day. (Refer to our Funds
Availability section for cutoff time description.) The cutoff time applies
to all accounts (savings, certificate of deposits, payments, etc.), not justchecking accounts.
Endorsement: If you make a deposit to an account and you fail toendorse the item, we may add an endorsement on any item and you will
be responsible for the item as if you endorsed it yourself.
We can refuse to accept any item or other type of deposit, for any reason,or no reason, or impose conditions on a deposit. For example, we cantreat a deposit as an “inquiry” or take an item for “collection” instead ofdeposit. We may also decline to accept a large cash deposit or require
you to make such a deposit at a location and time of our choosing.

RETURNED DEPOSITED ITEMS FOR BUSINESS ACCOUNTS
ONLY
The funds you deposit to your account are subject to normal collection
processes even after we make the funds available to you for withdrawal(i.e., the check has “cleared”). If we do not collect the funds, or we needto return the funds, your deposit will be reversed and become yourresponsibility. Returned items are charged back to your account and a
Return Item Advice notice is mailed to the primary account address on file.
For example:• The deposit amount of the check is recorded incorrectly to youraccount. The person who wrote the check catches the error, andreports it to their bank, who in turn reports it to us. We would reverse
the incorrect portion of the deposit and correct the mistake.
• A check you deposit has a forged endorsement. The person who
wrote the check notices the forgery and reports it to their bank, whoreports it to us. We would reverse the deposit and collection of thecheck would become your responsibility.
There will be one fee posted for the sum of all Returned Deposited Item
fees returned within a single transaction as well as applicable overdraft
fees if sufficient funds are not in your account to cover your items.

CHECK 21Check processing is getting faster as banks begin to process checks“electronically.” We are required by law to provide the notice in thefollowing section (SUBSTITUTE CHECKS AND YOUR RIGHTS), which
explains the differences between your original check (which might not
be returned) and a substitute check, and your rights in the event thesubstitute check causes a loss that would have been avoided if theoriginal check was still available.

SUBSTITUTE CHECKS AND YOUR RIGHTS
What is a substitute check?
To make check processing faster, federal law permits banks to replace
original checks with “substitute checks”. These checks are similar in size
to original checks with a slightly reduced image of the front and backof the original check. The front of the substitute check states: “This is alegal copy of your check. You can use it the same way you would use theoriginal check.” You may use the substitute check as proof of payment
just like the original check.
Some or all of the checks that are returned to you from us may besubstitute checks. This notice describes your rights you have when you
receive substitute checks from us. The rights in this notice do not apply
to original checks, photocopies of original checks, or to electronic debits
to your account. However, you have rights under other laws with respect
to those transactions.
What are my rights regarding substitute checks?
In certain cases, federal law provides a special procedure that allows
you to request a refund for losses you suffer if a substitute check isposted to your account (for example, if you think that we withdrew thewrong amount from your account or that we withdrew money fromyour account more than once for the same check). The losses you may
attempt to recover under this procedure may include the amount thatwas withdrawn from your account and fees that were charged as a resultof the withdrawal (for example, overdraft fees).
The amount of your refund under this procedure is limited to the amountof your loss or the amount of the substitute check, whichever is less. You
are also entitled to interest on the amount of your refund if your accountis an interest-bearing account. If your loss exceeds the amount of thesubstitute check, you may be able to recover additional amounts underother law.
If you use this procedure, you may receive up to $2,500.00 of yourrefund (plus interest, if your account earns interest) within ten businessdays after we received your claim and the remainder of your refund (plus5interest, if your account earns interest) not later than 45 calendar days
after we received your claim.

PAYMENTS section of this Agreement and follow our procedures forrevoking a stop payment request.

We may reverse the refund (including any interest on the refund) if welater are able to demonstrate that the substitute check was correctly
posted to your account.

Stale-Dated Checks. A “stale-dated” check is one that is brought to us
for payment more than six months after its date. We may pay, or refuse
to pay, a check brought to us (“presented”) more than six months after its
date. The general rule is we will pay the check, however we may returnthe check for insufficient funds. In addition, the check would be subject
to an overdraft. If you do not want us to pay a stale-dated check, youmust place a stop payment order on the check.

How do I make a claim for a refund?
If you believe that you have suffered a loss relating to a substitute checkthat you received and that was posted to your account, please call
U.S. Bank 24-Hour Banking (see last page for phone numbers) or write to
us at U.S. Bank, 60 Livingston Ave, EP-MN-WS5D, St. Paul, MN 55107.
You must contact us within 40 calendar days of the date that we mailed(or otherwise delivered by a means to which you agreed) the substitutecheck in question or the account statement showing that the substitutecheck was posted to your account, whichever is later. We will extend
this time period if you were not able to make a timely claim because ofextenuating circumstances.
Your claim must include:
1. a description of why you have suffered a loss (for example, you
think the amount withdrawn was incorrect);
2. an estimate of the amount of your loss;
3. an explanation of why the substitute check you received isinsufficient to confirm that you suffered a loss; and4. a copy of the substitute check or identifying information suchas the check number and the name of the person to whom you
wrote the check.

COPIES OF DOCUMENTS
We do not typically keep the original paper documents (like deposit
slips) associated with your account for a long time. We image mostof the documents that end up with us and destroy the paper originals.
Electronic images is one type of media that is used, but as technology
changes, there are and will be other imaging techniques. You agree thatsuch images will be sufficient for all purposes.
See the section titled CHECK 21. To facilitate check imaging andelectronic check collection, it is important that you take care with thetransactions you create on paper. When completing a check, you must:
1. write clearly;
2. use black or dark blue ink in the date, pay to, amount, andsignature fields; and3. use only the space provided for your part of a transaction. (Seethe section on ENDORSEMENT STANDARDS.)
You agree to reimburse us for any losses and costs we incur as a result ofa poor check image caused by a deficiency in the written check, whether
due to your failure to follow these guidelines or otherwise. You also
agree to reimburse us for any losses and costs we incur as a result of apoor check image caused by a deficiency in the written check that you
accepted and deposited as the payee.

NIGHT DEPOSITORY
If you arrange for night depository services, you must comply with thefollowing two rules and also comply with the rules in any separate night
depository agreement.
1. Use of Containers. Each deposit placed in the depository must
be contained in a sealed envelope, or in a bag or pouch that has
been approved or supplied by us. Deposits are only processed toaccounts held at U.S. Bank.
2. Care. You must take appropriate care when you put the containerin our night depository or other facility to make sure the container
is received by us.
Our responsibility for the security of the container and thedrawer or facility is to use reasonable care. This means we are
not automatically liable for just any loss, only for losses that result
from our own negligence, only to the extent we caused a loss,
and reduced by your contribution to any loss. In legal terms, weare a “bailee” until the point:• when we open the container and inventory its contents (ifthat is what we are asked to do); or• when you sign the receipt for or take custody of the container(if we do not open the container).

CHECKS

Check Legends. We are not required to honor any legends or memos
you put on your checks, even if we are aware of them. By a “legend” or“memo” we mean a message, such as “not valid for more than $50.00” or“do not pay more than ten days after date” or “paid in full”.
Check Forms. Checks are sorted and copied by high speed equipment. If
you don’t buy your checks through us, you must get them approved by us
or we will not be responsible if your checks do not process correctly. See
the section titled COPIES OF DOCUMENTS for additional information on
inks and related issues.
Deposits of Checks at ATMs
We reserve the right to refuse to credit your account for ATM depositsof the following items. If an item is refused the item or a substitute checkmay be returned via mail to the primary account address.
1. All the check payees are not listed on the account;
2. Checks payable to a business and the business name is notlisted on the account. (Checks payable to a business must
be deposited into an account that includes the name of thebusiness on the associated account);
3. Improperly endorsed (for example, different endorser thanpayee);
4. Restrictive wording (on the deposited item);
5. Post-dated (greater than one day after the ATM network
business day);
6. No date or incomplete date;
7. Altered in any way;
8. Photocopy of item;
9. Not signed by maker;
10. Traveler’s check with different counter signature;
11. Drawn on a foreign bank;
12. Missing the numeric amount and/or the written amount;
13. Numeric amount and written amount do not match;
14. No payee listed;
15. Federal tax refund checks not endorsed by payee or payees;
and
16. Any other instrument which is not a check or negotiable
instrument.

ENDORSEMENT STANDARDSThe payee of a check (the person to whom a check is payable) must sign
(endorse) the check on the back in the space shown in the picture. If acheck is transferred to someone else before it gets deposited or cashed,that person (the transferee) may also be required to sign the check.
Every bank that handles a check on its way to the bank that is asked to
pay it also has to identify itself on the back of the check. The space forthose banks is to the right of the space shown for the payee and other“holders” (see picture below).
When you endorse a check, you must:
1. clearly sign your name;
2. use black or dark blue ink if possible;
3. never use a faint color, like red, pink or any pastel, or a gel ink(these do not copy well);
4. sign near the top of the space provided, or just below any othersignature in that space;
5. stay out of the area below the space for endorsers (most checkforms have a line separating the endorsement area); and6. keep any stamp within the area set aside for handwritten
signatures.

Post-Dated Checks. We are not responsible to you if we pay a checkbefore its date, even if we have noticed that it is post-dated. If we, at
our option, refuse to pay a check because it is presented before its date,
you will have to pay, if applicable, the fee we charge for an overdraft.
If you want to be sure we do not cash it before its date, you must stopits payment by following our rules for stop payments in the STOP
6

The picture on this page shows you the correct endorsement area.
YOUR ENDORSEMENT MUST
BE WITHIN THIS AREA
7654

Name
Address, City, State
Pay to theorder of20$
dollars

Bank Nameand Location
Memo123456789

1 1/2"

Keep your endorsementout of this area.

7654
BACK OF CHECKFRONT OF CHECKTRAILING EDGE

Why is this important?
If your endorsement of a check, or the endorsement of someone fromwhom you took the check, either:
1. causes a delay in a necessary notice to someone else, or
2. prevents someone from being identified quickly enough (andtherefore cannot get notice or cannot get it in time).
You will be responsible for the check and the loss that occurs because it
is not paid. It will then be up to you to try and recover from someone else
who might be liable.

INSUFFICIENT FUNDS AND OVERDRAFTS“Account Balance” means the funds in your account, including
deposits and withdrawals made to date. Not all your transactions will
be immediately reflected. As a result, only part of this balance may beavailable for withdrawal.
“Available Balance” means the amount of money that can be withdrawn
at a point in time. The Available Balance will be less than the AccountBalance when there are pending transactions such as:• Funds held from deposits: These funds have been deposited but
are not yet fully available for withdrawal or transfer. Once thesefunds are available, they will be reflected in the Available Balance.
• Funds held for debit card authorizations: This reflects merchantauthorized requests for payment, when the final charge has notbeen submitted by the merchant. Debit card authorizations will
be reflected as pending transactions and/or will reduce yourAvailable Balance from the time we receive the authorization until
the merchant presents the item for payment. If the debit cardtransaction has not been presented for payment within sevenbusiness days, it may be removed from your pending transactions
and your Available Balance may no longer be reduced by theauthorization amount. Once the final charges have been received
and processed, they will be reflected in the Available Balance.
• Any other holds on funds in your account.
Note: The Available Balance does not reflect every transaction you haveinitiated or previously authorized. Items that may not be reflected in yourAvailable Balance include, but are not limited to:• Outstanding checks and authorized automatic withdrawals(such as recurring debit card transactions, transfers, andACH transactions that we have not received for payment orprocessing).
• The final amount of a debit card purchase. For example, we may
authorize a purchase amount from a restaurant or a gas station,
but the authorized amount may be different from the final charge.
Once a final charge has been received and processed, it will bereflected in the Available Balance. (Please refer to “Debit Card
Transactions” subsection for more information about how thesesituations are handled.)• Scheduled bill payments that have not yet been processed.
• Debit card transactions that have been previously authorized but
not sent to us for payment from your account where we havereleased the transaction authorization hold and the transaction issent for payment from your account at a later date.
“Insufficient funds” means your Available Balance is insufficient to pay
the transactions you are attempting from that account.
Having insufficient funds in your account could lead to returned items,
which refers to any withdrawal or transfer that we return because it
exceeds your Available Balance on a given day. Examples of withdrawals
that could be returned may include any checks, ACH transactions, online
or mobile bill payments, or any other debit from your account where we
return it because it is for more than the Available Balance you have inyour account at the time the transaction is presented to your account. We
reserve the right to pay an insufficient funds withdrawal and overdraw
your account, which may result in an Overdraft Paid Fee. If we’ve paid
insufficient funds items before, we are not required to do it in the future.

“Overdraft” means a transaction has caused the Available Balance onan account to become a negative number. An overdraft can happen, forexample:• by writing a check without enough money in your checking accountto pay the check, and we pay the item;• by making a withdrawal from your account that exceeds yourAvailable Balance;• by using your U.S. Bank Debit Card for payment without enoughmoney in your checking account to cover the amount authorizedor the amount paid to the merchant. If any debit card transaction
results in a negative Available Balance at the time it is presented for
payment;• by making a deposit, withdrawing money based on the credit
received from that deposit, and then having that deposit reversed
because the deposited item is later returned to us unpaid;• by withdrawing money from your account and not having enoughmoney left to pay any related charges posted to the account;• when funds are credited to your account in error and you use thefunds, and the reversal of the credit results in an overdraft; or• when fees such as monthly maintenance fees are charged, and you
do not have sufficient funds to cover.
Our Options: You do not have the right to withdraw funds that exceed
the Available Balance on your account. When an item of yours overdraws
an account, we can either pay or return the item. You cannot choose
which items we pay or return, except as identified in your selection of“Overdraft Handling” (as identified later).
If we get a batch, or multiple batches, of such items in a day (forexample, checks, ATM purchase transactions, and debit card purchasetransactions typically come in batches), and if one, some or all of themwould overdraw the account if paid, we will post items in accordance withthe “Transaction Posting Order” section listed within this Agreement.
This may result in processing larger dollar items before smaller dollar
items, even though this would have the effect of reducing your Available
Balance more quickly.
Our Fees: We charge an Overdraft Paid Fee for each item or transaction
we pay that causes the Available Balance to become negative or occurs
while the Available Balance is negative on the account. Any Overdraft
Paid Fees are deducted from your account on the next business day. See
the current pricing information disclosure for information on fees andhow fees will be assessed. If you want to avoid the inconvenience andextra expense of overdraft fees, refer to the sections titled “Overdraft
Handling” on page 7 and “Overdraft Protection Plans” on page 8 for
information.
There are some circumstances that can take your account into a negativebalance where we will not charge a fee, for example:• If certain fees such as your monthly maintenance fee are the only
items that resulted in the negative balance.
• If the negative Available Balance is less than our threshold. Seeyour Consumer Pricing Information, Business Pricing Information or
U.S. Bank Business Essentials® Pricing Information disclosure(s) for
specific information. (All disclosures can be obtained by stopping ina U.S. Bank branch or for the Consumer Pricing Information only, call
800-872-2657 to request a copy.)Your responsibilities for overdrafts: If you have an overdraft on youraccount (excluding consumer checking accounts), you must deposit
enough money into your account to pay both the overdraft amount andthe fees we charge. If you have an overdraft on your consumer checking
account only (excluding Safe Debit accounts), please refer to the section
titled “U.S. Bank Overdraft Fee Forgiven” on page 8 for more information.
If you share ownership of your account with someone else, you areresponsible for the overdraft, whether or not you personally caused theoverdraft or benefited from it.

OVERDRAFT HANDLING
Consumer Checking and Money Market Accounts:
Most U.S. Bank Consumer checking and money market accounts comewith Standard Overdraft Coverage. Under Standard Overdraft Coverage
we will authorize and pay overdrafts for these types of transactions at
our discretion:• Checks and other transactions using your checking account number• Automatic bill payments• Recurring debit card transactions, for example setting up your debitcard to automatically pay a monthly gym membership. We rely on
the merchant to inform us if a debit card transaction is a one-time ora recurring transaction.
7

If we pay these transactions into overdraft, we may charge an Overdraft
Paid Fee. See the Consumer Pricing Information disclosure for additional
details.
In addition to Standard Overdraft Coverage, you have the following
options outlined below.
ATM and Debit Card Overdraft Coverage:
Upon opening your U.S. Bank consumer checking or money market
account, or after your account is opened, you have the option to say ‘Yes’
or ‘No’ to ATM and Debit Card Overdraft Coverage.
If you say ‘Yes’
If you choose to say ‘Yes’, you allow U.S. Bank to authorize and pay ATM
and everyday debit card transactions (purchases made with your debitcard on a day-to-day basis) that may cause the Available Balance in youraccount to become negative. If this happens and the negative Available
Balance is $50.01 or more, we may charge an Overdraft Paid Fee for each
item paid greater than $5.00.
If you say ‘No’
If you choose to say ‘No’, you do not allow U.S. Bank to authorize andpay ATM and everyday debit card transactions into a negative Available
Balance. If we do not authorize and pay an overdraft your transaction will
be declined and you will not be charged a fee.
In limited circumstances, your ATM or everyday debit card transaction
may be processed, resulting in your Available Balance becoming negative.
These situations may include, but are not limited to:• A debit card transaction is processed for more than thepreauthorized amount. For example, we may authorize a purchaseamount from a restaurant or a gas station, but the authorizedamount may differ from the final charge (Please refer to “Debit Card
Transactions” subsection for more information about how thesesituations are handled.);• A debit card transaction that obtained an authorization based ona sufficient Available Balance in your account, but is sent to us forpayment later when your Available Balance is no longer sufficient tocover the item;
In these situations, you will not be charged an Overdraft Paid Fee.
If you wish to discuss your options or change your account election
at any time, contact a local U.S. Bank branch, call U.S. Bank 24-Hour
Banking or visit usbank.com. Please be aware it may take up to threebusiness days to implement your request.
U.S. Bank Overdraft Fee Forgiven
All consumer checking accounts (excluding Safe Debit Accounts) are
eligible to have Overdraft Paid Fee(s) waived with qualifying deposits(see below). The Overdraft Fee Forgiven period starts the first day yourAvailable Balance becomes negative and you were charged an Overdraft
Paid Fee(s). U.S. Bank will review your account for a fee waiver at 11
p.m. ET on the day we charged the Overdraft Paid Fee(s). In the event
your Available Balance at the end of the business day is or would beoverdrawn by $50.00 or less, we will not charge an Overdraft Paid Fee.
If your Available Balance* at 11 p.m. ET is $0 or more, the Overdraft Paid
Fee(s) charged will be waived.
*Excluding the Overdraft Paid Fee(s) and including immediate and same
day deposits.
If you have Overdraft Protection and your account becomes overdrawn
Overdraft Protection funds will be accessed (and applicable fees
charged) before the account is eligible for Overdraft Fee Forgiven.
Deposits that generally will qualify for Overdraft Fee Forgiven include:• ACH and electronic deposits;• Cash deposits;• Wire transfers;• ATM deposits at U.S. Bank ATM;• Check deposits in branch;• Internal transfers from another U.S. Bank account.
Deposits that generally will not qualify for Overdraft Fee Forgiven include:• Mobile check deposit;• Extended hold placed on a deposit;• Deposits into new accounts opened less than 30 days where funds are
generally made available the fifth business day after the day of yourdeposit.
Requested Return:
You may ask us to place your account in Requested Return status. Whenyou select this option, you are automatically choosing to say ‘No’ to ATM
and Debit Card Overdraft Coverage (refer to If you say ‘No’ for moredetails). In addition, we will attempt to return items which would resultin an overdraft to your account such as checks, and automatic bill pay
transactions.
• Note that when you select Requested Return, you may be charged
fees by the merchant or service provider.
• Please understand we will not be able to return all items. If wepay an item, for any reason, you will be charged the applicable
Overdraft Paid Fee (with the exception of ATM and everyday debitcard transactions). These situations include, but are not limited to:recurring debit card transactions when a merchant had obtained
an authorization for the first instance, but did not obtain a new
authorization for subsequent occurrences (for example, a monthly
gym membership); or other transactions/adjustments that may
be processed in accordance with our Transaction Posting Order
resulting in an insufficient Available Balance (Refer to “Transaction
Posting Order” section listed within this Agreement). We rely on themerchant to inform us if a debit card transaction is a one-time or arecurring transaction.
If you wish to select Requested Return, contact a local U.S. Bank branchor call U.S. Bank 24-Hour Banking (see last page for phone numbers).
Please be aware it may take up to three business days to implement
your request and items may or may not be returned during that time.
Business Options for Checking and Money Market Accounts
For Business Checking and Business Money Market accounts, we will
authorize and pay overdrafts for all types of transactions at our discretion.
If we pay these transactions into overdraft, we may charge an Overdraft
Paid Fee.
Requested Return
You may ask us to place your account in Requested Return status. Whenchoosing this option, we will attempt to return and/or decline items
which would result in an overdraft to your account.
• Note that when you select Requested Return, you may be charged
fees by the merchant or service provider.
• Please understand we will not be able to return all items. If we pay an
item, for any reason, you may be charged an Overdraft Paid Fee.
If you wish to request Requested Return, contact a local U.S. Bank
branch or call U.S. Bank 24-Hour Banking (see last page for phone
numbers). Please be aware it may take up to three business days toimplement your request and items may or may not be returned duringthat time.
Other sections: While many other sections of this Agreement relate tothese issues, these sections are particularly appropriate:• Setoff (page 16)• Security Interest in Accounts (page 16)• Funds Availability: Your Ability to Withdraw Funds - All Accounts(page 18)
• Electronic Fund Transfers for Consumer Customers (page 20)• Limits on Transfers (page 21)• Electronic Fund Transfers for Business Customers (page 23)

OVERDRAFT PROTECTION PLANS
Consumer Overdraft Protection
U.S. Bank offers Overdraft Protection Plans to help you avoid theinconvenience of having a check returned, and/or a debit card purchase
rejected, resulting in the expense of overdraft fees. These Overdraft
Protection Plans allow an eligible account to be linked to a U.S. Bank
Personal Checking Account(s) (“checking account(s)”) to cover overdraft
situations when the Available Balance is insufficient to cover checks
presented for payment and/or Available Balance has been reduced due
to pending authorized debit card transactions, as specified in subsection“Debit Card Transactions”.
U.S. Bank lets you choose which eligible accounts are linked to yourchecking account for Overdraft Protection, and the order in which thoseaccounts are accessed to transfer funds to your checking account.
Some eligible accounts (e.g. depository accounts) do not have Overdraft
Protection Transfer fees, and if you have deposit and credit accounts
linked for Overdraft Protection, the first Overdraft Protection Accountdetermines whether a fee is charged (if any).
You can choose to link up to three eligible U.S. Bank accounts to yourpersonal checking account for Overdraft Protection. Owner(s) who aresigners on the checking account must also be signers on the account(s)linked for Overdraft Protection.
Eligible accounts include:• U.S. Bank Savings Account or Money Market Account• U.S. Bank Reserve Line of Credit
8

•
•
•
•
•

U.S. Bank Credit Card
A secondary U.S. Bank Personal Checking Account
U.S. Bank Personal Line of Credit
U.S. Bank Home Equity Line of Credit
Other U.S. Bank Lines of Credit

If you have linked eligible accounts, and the negative Available Balancein your checking account is or would be overdrawn by $5.01 or more,
the advance amount will transfer in multiples of $50.00. If the negative
Available Balance is or would be $5.00 or less, the amount advanced will
be $5.00. The Overdraft Protection Transfer Fee is waived if the transfer
is made from a deposit account or the negative Available Balance in yourchecking account is $50.00 or less.
If the negative Available Balance in your checking account is caused bymonthly fees, such as a maintenance fee or statement/image fee only,
overdraft protection will not advance and no Overdraft Protection Transfer
Fees will apply. (For example, the account is overdrawn due to a Monthly
Maintenance Fee, overdraft protection will not advance. If additionaltransactions post, overdraft protection will advance to cover the negative
Available Balance amount and an Overdraft Protection Transfer Fee may
be charged.) If the account linked for Overdraft Protection does not haveenough funds to cover the overdrawn amount, the current Available
Balance will still be transferred to reduce the overdrawn amount.
If there is more than one account linked for Overdraft Protection and
the Available Balance of the first linked account is not enough to cover
the overdrawn balance, the next linked account will transfer funds in
multiples of $50.00 to cover the remaining overdrawn balance. Whenmultiple accounts are linked as Overdraft Protection, the first accountfunds are transferred from determines the amount of the Overdraft
Protection Transfer Fee (if any).
For each day an Overdraft Protection transfer occurs, a Bank fee will becharged to the checking account that received the transfer. (Refer to theConsumer Pricing Information disclosure Overdraft Protection Transfer
Fee for fee amount. This disclosure can be obtained by contacting a
U.S. Bank branch or calling 800-872-2657.) While no fee will be charged
to your U.S. Bank savings account or secondary checking account,
U.S. Bank Reserve Line of Credit, U.S. Bank Credit Card, U.S. Bank
Personal Line of Credit, or U.S. Bank Home Equity Line of Credit, for any
automated advance to cover an overdraft to your associated deposit
account, you will incur an interest charge according to the terms of youragreement governing your credit account. Advances on a U.S. Bank Credit
Card Overdraft Protection Plan account are subject to the standard cash
advance interest rate, as well as the current cash advance fee. Pleaserefer to your U.S. Bank Reserve Line of Credit, U.S. Bank Credit Card,
U.S. Bank Personal Line of Credit or U.S. Bank Home Equity Line of Credit
for information regarding interest charges.
When the Bank accesses funds from an eligible line of credit or credit
card, these types of transfers may be subject to additional charges
such as annual fees. In addition, you may be subject to interest that willaccrue on the amounts advanced in accordance with your line of credit
or cardmember agreement.
Business Banking Overdraft Protection
U.S. Bank offers Overdraft Protection Plans to help you avoid theinconvenience of having a check returned, and/or a debit card purchase
rejected, resulting in the expense of overdraft fees. These Overdraft
Protection Plans allow an eligible account to be linked to a U.S. Bank
Business Checking Account(s) (“checking account(s)”) to cover overdraft
situations when the Available Balance is insufficient to cover checks
presented for payment and/or Available Balance has been reduced due
to pending authorized debit card transactions, as specified in subsection“Debit Card Transactions”.
U.S. Bank lets you choose which eligible accounts are linked to yourchecking account for overdraft protection. Only one deposit productand one credit product may link to a business checking account. Whenthe checking account has a linked Business Reserve Line of Credit, thesystem will automatically draw from that account first, which may incura fee. If the checking account does not have a linked Business Reserve
Line of Credit and has both a credit product and a deposit product linked
as overdraft protection, the system will draw from the deposit productfirst, which will not incur a fee. Funds only draw from the credit product(excluding Business Reserve Line of Credit) if the deposit product has
insufficient available funds.
The name of the business on the business checking account must matchthe name of the business on the business credit overdraft protection planaccount. The name(s) of the account signer(s) on the business checking
account may also be required to match the account signer(s) on thebusiness Overdraft Protection Plan account.

Eligible accounts include:• U.S. Bank Business Savings or Money Market Account• A secondary U.S. Bank Business Checking Account• U.S. Bank Business Reserve Line of Credit• U.S. Bank Business Credit Cards• U.S. Bank Cash Flow Manager or Advantage LineIf you have a U.S. Bank Business Savings, Business Money Market account,or secondary U.S. Bank Business Checking account linked as Overdraft
Protection, any automatic advances will be in $200.00 increments madeto cover the overdraft. Automated transfers from a U.S. Bank deposit
account are not assessed Overdraft Protection Transfer Fees.
If you have a U.S. Bank Business Reserve Line of Credit linked as overdraft
protection, any automatic advances will be in $200.00 increments madeto cover the overdraft. Please refer to your U.S. Bank Business Reserve
Line Agreement for information regarding interest charges.
U.S. Bank Business Credit Card linked as overdraft protection, any
automatic advances will be in $25.00 increments made to cover the
overdraft. Advances on a U.S. Bank Business Credit Card Overdraft
Protection Plan account are subject to the standard cash advance interest
rate, as well as the current cash advance fee.
When the Bank accesses funds from an eligible line of credit or credit
card, these types of transfers may be subject to additional charges suchas annual fees. In addition, you may be subject to interest that will accrue
on the amounts advanced in accordance with your line of credit or
Cardmember Agreement. Please refer to your Cardmember Agreement
for information regarding charges and fees.
Each time an overdraft protection transfer from a Business Reserve Lineor a U.S. Bank Business Credit Card automatically transfers funds tothe checking account, an Overdraft Protection Transfer Fee (daily fee)applies. The transfer fee amount posts as a separate transaction to thechecking account.
Refer to the Business Pricing Information or U.S. Bank Business Essentials®
Pricing Information disclosure(s) for current fees. This disclosure can beobtained by stopping in a U.S. Bank branch.
If you have a U.S. Bank Cash Flow Manager linked as overdraft protection,
any automatic advances will be in $100.00 increments made to cover
the overdraft. While no Overdraft Protection Transfer Fee is charged to
the Cash Flow Manager account for any automated advance to cover an
overdraft to your associated deposit account, you will incur an interest
charge according to the terms of your agreement governing your credit
account. Please refer to your U.S. Bank Cash Flow Manager agreement
for information regarding interest charges.
If the negative Available Balance is caused by a monthly maintenancefee, service fee or statement/image fee only, overdraft protection will
not advance and no Overdraft Protection Transfer Fees will apply. (Forexample, the account is overdrawn due to a Monthly Maintenance fee,
overdraft protection will not advance. If additional transactions post,
overdraft protection will advance to cover the negative Available Balance
amount and an Overdraft Protection Transfer Fee may be charged.) If
the account linked for Overdraft Protection does not have enough funds
to cover the incremental amounts listed above, the current Available
Balance will still be transferred to reduce the overdrawn amount. If there
is more than one account linked for Overdraft Protection and the Available
Balance of the first linked account is not enough to cover the overdrawn
balance, the next linked account will transfer funds in the increments
listed in this section. In the event the Available Balance in the second
linked account does not have enough funds to cover the incremental
amount, the Available Balance will be transferred.
Business Overdraft Protection Agreements
U.S. Bank also offers certain business customers overdraft protection
through separate written agreement. The terms of such agreement shallgovern those Business Overdraft Protection Plans.

REFUSING PAYMENT ON YOUR CHECKS
You must fill in an amount (in words and numbers) correctly and clearly,
and sign your name on checks you write. You should fill in the date andname a payee on your checks. If you don’t name a payee, anyone cancash the check. If you fail to follow these rules, we may refuse to honor
your checks.
When a check you write is presented to us by another bank for payment,
we will generally accept the endorsements on the check, because if anendorsement is missing or forged, we have rights against the other bankthat protect us. When a check of yours comes to us other than throughanother bank, we might not cash it if we are not comfortable with theendorsements on it or the identity of the person who presents it. Thisis especially true with an endorsement in the name of a business entity.
9

We may require anyone who presents a check for payment in person(other than an account owner presenting a check on his or her own
account) to:• pay a fee to cash the check if applicable; and• give a fingerprint or thumbprint, and identification, as a condition of
cashing a check.

transmitted to the beneficiary’s bank. At your request, we may requestthat the beneficiary’s bank return funds previously transferred. However,
you acknowledge that the beneficiary’s bank is under no obligation tocomply with this request.

If the presenter of the check refuses to comply with these requirements,
or complies but later asserts that these requirements infringed on theirlegal rights, you understand and agree that imposing these requirements
will not be considered a “wrongful dishonor” of your checks.

The following rules govern the ownership and withdrawal rights ofdeposit accounts with the various titles given to them.

FUNDS TRANSFERS
Unless we have entered into a specific written agreement with you thatprovides otherwise, payment orders you give to us for the transfer offunds out of the account by wire transfer or otherwise, and payment
orders we receive for the transfer of funds into the account, will begoverned by this section, subject to rights under the Electronic FundTransfers Act. In addition, your rights and obligations with respect to apayment order, and our rights and obligations, will be governed by (a) any
separate written agreement with us; then (b) this section; and then, to theextent not specified in a separate written agreement or this Agreement;(c) by Article 4A of the Uniform Commercial Code (“UCC4A”) as enacted
in the state in which you have your account with us.
We reserve the right to refuse to accept any payment order. Payment
orders are accepted when they are executed by us. We may process any
payment order request (as well as any amendment or cancellation request
concerning a payment order) that we believe is transmitted or authorizedby you if we act in compliance with a security procedure agreed uponby you and us. Such payment orders will be deemed effective as if madeby you, and you will be obligated to pay the amount of such orders,even though they are not transmitted or authorized by you. Unless weagree on another security procedure, you agree that we may confirm
the authenticity and content of a payment order (among other ways) byplacing a telephone call to you. If we cannot reach you, or if the payment
order is not confirmed or approved in the manner we require, we may
refuse to execute the payment order.
YOU AGREE THAT IF A PAYMENT ORDER OR CANCELLATIONTHEREOF IDENTIFIES THE BENEFICIARY BY BOTH NAME AND AN
IDENTIFYING NUMBER, AND THE NAME AND NUMBER IDENTIFYDIFFERENT PERSONS OR ACCOUNT HOLDERS, EXECUTION AND
PAYMENT TO THE BENEFICIARY OR CANCELLATION MAY BE MADE
SOLELY ON THE BASIS OF THE IDENTIFYING NUMBER. YOU ALSOAGREE THAT IF A PAYMENT ORDER IDENTIFIES AN INTERMEDIARYBANK OR THE BENEFICIARY’S BANK BY BOTH NAME AND AN
IDENTIFYING NUMBER AND THE NAME AND NUMBER IDENTIFYDIFFERENT PERSONS, EXECUTION OF THE PAYMENT ORDER BY ANYBANK MAY BE MADE SOLELY ON THE BASIS OF THE IDENTIFYINGNUMBER.
If we receive a funds transfer into any account you have with us, we are
not required to give you any notice of the receipt of the funds transfer.
The funds transfer will appear on your next periodic statement. To confirm
the completion of funds transfers, please contact us through U.S. Bank
24-Hour Banking (see last page for phone numbers), usbank.com or the
U.S. Bank Mobile App. Prior to the acceptance of an outgoing payment
order, the outgoing payment order may be cancelled, but may not be
amended or modified, if the beneficiary’s bank is located within the
United States of America and the outgoing payment order is to be paidin U.S. dollars. Other outgoing payment orders may not be cancelled,amended or modified. We must receive your cancellation in a reasonable
time prior to the time we execute the outgoing payment order. Payment
orders sent by Fedwire will be subject to the Federal Reserve’s RegulationJ, and payment orders sent via other payment systems will be subject tothe rules of those systems. You agree that we may record all telephone
conversations and data transmissions received from, made for or madeon behalf of you pursuant to or in connection with a payment order.
SUBJECT TO RIGHTS UNDER THE ELECTRONIC FUNDS TRANSFERACT YOU AGREE THAT ALL ACTIONS AND DISPUTES CONCERNINGANY PAYMENT ORDER, INCLUDING CANCELLATION OR
AUTHORIZATION RELATING THERETO, SHALL BE GOVERNED BY
UCC4A AND THIS AGREEMENT TO THE FULL EXTENT PERMITTED BY
LAW. FOR INFORMATION ON SUBMITTING A DISPUTE REGARDINGA PAYMENT ORDER, SEE THE STATEMENTS AND NOTICES SECTION
OF THIS AGREEMENT.
If an outgoing payment order in a foreign currency cannot be completed,the exchange rate that will apply to any refund due you will be theexchange rate in effect at the time on the day the refund is made.
Additional fees may be deducted from a payment order amount by otherbanks involved in the funds transfer process.
We may route payment at our own discretion for each outgoingwire transfer. A wire transfer is irrevocable once payment has been

WITHDRAWAL RIGHTS, OWNERSHIP OF ACCOUNT, AND
BENEFICIARY DESIGNATION
There are two primary issues that these rules control. The first is“withdrawal rights” and the second is “ownership.”
By “withdrawal rights” we mean who has access to the funds in theaccount for all purposes. These withdrawal rights will control, forexample, whose instructions we must follow, whose checks we must pay,
and whose withdrawal requests we must honor. These withdrawal rights
do not control who actually owns the funds, as between multiple parties
to an account.
By “ownership” we generally mean who owns the funds in the account.
In particular, by selecting a particular ownership, you are expressing yourintention of how and to whom your interest in the funds in the accountshould pass in the event of your death.
If you create a type of account, you retain the right to change or close
the account to the extent of the withdrawal rights you retain in your own
name.
We make no representations as to the appropriateness or effectivenessof any particular ownership or beneficiary designations. Our only
responsibility is to permit access to the account as provided by thewithdrawal rights. You must consult with your own attorney or financial
advisor as to whether and how to effect any change in actual ownershipof funds in the account.
Individual Account. This is an account in the name of one person. Suchan account is also referred to as a “single ownership” account.
Withdrawal Rights. The holder of such an account is the only person
who has the right to withdraw from the account, unless we permit theholder to designate an agent or attorney-in-fact to the account.
Ownership. The holder of such an account is presumed to be theowner. Holding such an account, by itself, creates no additional
ownership rights nor survivorship rights (nor does such type ofownership create or extinguish any community property rights). In
almost all instances this type of account will pass, on the death of theowner, through the estate of the owner. (You must consult your own
estate planner to be sure.)
Agents and “Attorneys-in-Fact.” The owner of this type of accountcan nominate an authorized signer or attorney-in-fact.
Joint Account - With Survivorship. If your account is opened as a joint
account, we will treat it as a joint account with right of survivorship unless
our account records demonstrate a different type of ownership. This is anaccount in the names of two or more natural persons, with the following
features:Withdrawal Rights. Each joint tenant has complete and separate
access to the funds and withdrawal rights, and each authorizes theother(s) to endorse for deposit any item payable to the joint tenant.
Upon the death of any joint tenant, any surviving joint tenant will havecomplete withdrawal rights to the balance of the account. If there ismore than one surviving joint tenant, such survivors remain as joint
tenants with right of survivorship with the same withdrawal rights
provided in this section.
Each joint tenant reserves the right to change the ownership of theaccount to the extent of that owner’s withdrawal rights.
Ownership. Each joint tenant is presumed to “own” the funds inproportion to that person’s net contribution to the account. Eachjoint tenant intends upon his or her death that the funds owned bysuch person will be owned by the survivor. If there is more than one
survivor, the “ownership” of the decedent’s funds will be sharedequally with such survivors.
Other Titles. In some states, it is advisable to add either “not as
tenancy in common” or “not as a tenancy by the entirety” or both toinsure the intention described above.
Agents and “Attorneys-in-Fact.” Any joint tenant can nominate
an authorized signer or attorney-in-fact who can hold all the same
withdrawal and deposit rights as the authorizing owner, except theauthorized signer or attorney-in-fact will not be an owner (a joint
tenant).

10

Joint Account with Survivorship - Arizona. A Joint Account with
Survivorship in Arizona has a unique feature that will change the“ownership” rights on the death of one of the joint owners if there is morethan one surviving joint tenant and one of the surviving joint tenants is thesurviving spouse of the deceased joint tenant.
Withdrawal Rights. This rule will not change the withdrawal rights tothe account on the death of a joint tenant; it only affects the actual
ownership of the account balance, which will only affect the survivors,
and will not affect our responsibilities under the account.
Ownership. If two or more parties survive and one is the surviving
spouse of the deceased party, the amount to which the deceased
party, immediately before death, was beneficially entitled by law
belongs to the surviving spouse. If two or more parties survive
and none is the spouse of the decedent, the amount to which thedeceased party, immediately before death, was beneficially entitledby law belongs to the surviving parties in equal shares, and augments
the proportion to which each surviving party, immediately before thedeceased party’s death, was beneficially entitled under law, and theright of survivorship continues between the surviving parties.
Tenancy in Common Accounts. A Tenancy in Common account isanother form of joint account without the survivorship feature. A Tenancy
in Common account is also in the name of two or more individual owners.
Withdrawal Rights. Each joint tenant has complete and separate
access to the funds and withdrawal rights, and each authorizes theother(s) to endorse for deposit any item payable to the joint tenant.
Until we receive notice of the death of any joint tenant, any tenant incommon will have complete withdrawal rights to the entire accountbalance.
If more than one tenant in common survives the death of anothertenant in common, such survivors remain as tenants in common
between them.
Each tenant in common reserves the right to change the ownership of
the account to the extent of that owner’s withdrawal rights.
Ownership. Each tenant in common is presumed to “own” the funds inproportion to that person’s net contribution to the account. However,
because of the extreme difficulty in determining such proportions
over time, you agree that upon the death of one tenant in common,the balance in the account at the time immediately before the deathof the tenant in common will be deemed to be owned in equal shares
between all tenants in common. After death and our receipt of noticeof such death, the decedent’s share will be set aside for the estate ofthe decedent, and the survivor’s share in the account balance will beat the disposal of the surviving tenant in common.
Other Titles. In some states this account is referred to as Joint
Tenancy WITHOUT Right of Survivorship.
Agents and “Attorneys-in-Fact.” Any tenant in common cannominate an authorized signer or attorney-in-fact who can hold all thesame withdrawal and deposit rights as the authorizing owner, except
the authorized signer or attorney-in-fact will not be an owner (a tenant
in common).
Marital Account (Wisconsin). This account is an account establishedby two persons in Wisconsin who claim to be husband and wife. Thisaccount is, for such persons, the same as the Tenancy in Common
account described above.
Marital Account with P.O.D. Beneficiaries (Wisconsin). This account is,
first, the same as a Wisconsin Marital Account (which is, in turn, the sameas a Tenancy in Common account described above).
Withdrawal Rights. During the lives of both parties to the marriage,
the withdrawal rights will be the same as for the Marital Account. The
beneficiaries have no withdrawal rights until the death of one of themarriage partners.
Ownership. Upon the death of one of the spouses, the surviving
spouse owns 50% of the funds on deposit, and the P.O.D. beneficiary
named by the deceased party (if that beneficiary is then surviving)owns the other 50%. Each spouse can name his or her own beneficiary.
If there is more than one beneficiary who is named by a party whosurvives, the shares of those beneficiaries will be equal.
On the death of one of the marriage partners, the account will haveto be retitled and beneficiary shares will have to be redeposited orwithdrawn.
Pay-on-Death Account. This is an account where one or more persons
create the account and name one or more living persons as beneficiaries.
Frequently the account title is A.B. Pay-on-Death to C.D. beneficiary.

Withdrawal Rights. The person who creates this type of accountretains complete withdrawal rights in such an account during his or
her lifetime and for his or her own benefit. The named beneficiary has
no withdrawal rights to the account during the lifetime of the creatorof the account. The owner can change or close the account, andchange beneficiaries at any time.
On the death of the creator of the account, the beneficiary (onproof of death of the creator and proof of the identity as the named
beneficiary), can withdraw the entire account balance. If there ismore than one beneficiary who is named and survives the creator,
the surviving beneficiaries acquire and can withdraw an equal sharewith the other surviving beneficiaries, without survivorship rights
between beneficiaries. If a beneficiary dies before the creator, neither
the beneficiary’s estate nor heirs acquire anything on the death of theowner.
If more than one person creates such an account, then such creators
have complete and separate withdrawal rights between them during
their joint lives, and the survivor of them will have complete withdrawal
rights upon the death of the other creator. Named beneficiaries can
withdraw a share of the account balance only upon the death of thelast creator and only if such beneficiaries are then alive (and upon
proof of the deaths of the creators and their own identity as thenamed beneficiaries). In effect, if more than one person creates thistype of account, with one or more beneficiaries, the account has first
all the incidents of a “Joint Account with Survivorship” and only after
there is but one joint tenant does the account have the incidents of a
“Pay-on-Death” account.
Ownership. The creator of this type of account is presumed to own
the funds during his or her lifetime and intends that ownership to passto the beneficiary only upon his or her death and only if the named
beneficiary survives him or her. If there is more than one creator, theownership between such creators is the same as that between joint
tenants with right of survivorship, with the same incidents upon thedeath of a joint tenant.
If there is more than one beneficiary who is named and survives thecreator(s), the creators intend his, her or their ownership rights to passto the then surviving beneficiaries in equal shares, with no survivorshiprights between them.
Other Titles. This type of account has other names such as “Tentative
Trust,” “Totten Trust,” “In Trust For” and “Revocable Trust.” In states
where one of these trust accounts is recognized, the creators of suchaccounts will be referred to as a “settlor” or “grantor.” Nevertheless,
all the incidents of such an account, the rights of the grantor(s) andbeneficiaries are exactly the same as described for “Pay-on-Death”
accounts above. Only the names have been changed.
Revocable Trust or Pay-on-Death Account (not subject to theNonprobate Transfers Law of Missouri)
In Missouri, a Revocable Trust or Pay-on-Death account may include anappendage to its title “not subject to the Nonprobate Transfers Law ofMissouri.” This appendage does not change the features of the accountas described above for Pay-on-Death accounts.
Registration in Beneficiary Form - Missouri
Adding the acronym LDPS (which stands for lineal descendants, per
stirpes) to a Revocable Trust or Pay-on-Death account in Missouri,changes the rights of beneficiaries of such accounts. LDPS designationmeans that if a named beneficiary of such an account dies before theaccount owner, then the unnamed lineal descendants of that deceased
beneficiary will acquire the share of the deceased beneficiary on thedeath of the owner per stirpes.
Accounts Established Under the Uniform Transfers to Minors Act or
Uniform Gifts to Minors Act (“UTMA/UGMA”)
An account established under a state’s UTMA/UGMA is controlled by acustodian for the use and benefit of a “minor” beneficiary who owns thefunds. Only the custodian is authorized to act on the account, however,
we may disclose account information to the minor or their authorized
representative. If you are the custodian or successor custodian of an
account under a state’s UTMA/UGMA, you agree to comply with allapplicable laws, including those related to use of the funds. When theminor reaches the age of termination under the applicable UTMA/UGMA
law, you must transfer any funds in the account to the minor. If you failto transfer funds to the minor as required, we may, at our sole discretion,
limit transactions on the account, contact the minor for instructions,
unless we receive prior written notice and supporting documentation
establishing that the minor has not reached the age of termination, or pay
remaining funds to the minor. You agree that it is your responsibility as
custodian to consult your own legal or tax advisor about the governingstate law.

11

Fiduciary AccountA fiduciary account is an account opened by or taken over by an executor,
administrator, personal representative, guardian, conservator, trustee,or other fiduciary in such capacity. Any fiduciary named as a signer ona fiduciary account shall be solely responsible for acting in accordancewith the terms of the applicable laws, will, court order or trust instrument
establishing and covering the fiduciary relationship, and we are notresponsible for examining, or insuring compliance with the provisions ofany such law or instrument.
Corporate, Partnership, Limited Liability Company and other
Organizational Accounts
These are accounts opened by any business organization or association.
We reserve the right to require the account holder(s) to furnish us withsuch resolutions, agreements or documents as we may reasonably
request to evidence the authority of individuals to act on behalf of theaccount holder(s). We will honor such an authorization until we receive
written notice of change from the governing body of the organization. It
is mutually agreed that the power and authority of each person named
as authorized to take action with respect to the account shall continue infull force and effect until we receive actual written notice of revocation,
whether the same be brought about by dissolution of the account holder
or otherwise.

PLEDGES AND SECURITY INTERESTS IN FAVOR OF OTHERS
You cannot give a security interest or pledge your account to someone
other than us without first getting our express written consent. We are
not required to give consent to a security interest or pledge to someone
else.
Unless we agree otherwise in a separate writing a security interest or
pledge to someone else must be satisfied or released before any rightto withdraw from the account can be exercised, including any right thatarises by surviving the death of an owner (for example, a surviving joint
tenant or beneficiary of a pay-on-death account).

ACCRUAL OF INTEREST
We will begin to accrue interest on deposits drawn from other banks at
the time we get credit for the deposit in the collection process, which is
not necessarily the same time as the time we make funds available forwithdrawal.
If your account (for example a savings account) earns a variable rateof interest, we can change that rate at any time without notice to you,
except as specifically provided in writing in the account disclosure or
agreement. If the interest rate for your account(s) or the index or otherreferenced rate upon which the interest rate for your account(s) is based,
is at any time less than zero percent, you agree to pay all amounts of
the negative interest or fees which we impose as compensation for thenegative interest rate.
You can find out our current rates on accounts that earn interest in
our branches, from U.S. Bank 24-Hour Banking, or at usbank.com. The
telephone number is at the end of this disclosure.

STOP PAYMENTS
Unless otherwise provided, the rules in this section cover stopping
payment of items such as checks and drafts drawn on your account.
Rules for stopping payment on other types of transfers of funds, suchas consumer electronic fund transfers, are covered elsewhere in theElectronic Fund Transfers for Consumer Customers section.
Here is what you must do to stop a payment:
ACH Check Conversion
An ACH Check Conversion is a transaction that starts as a paper checkthat you give to a merchant. The merchant converts the check, using
the information on the paper, to send an electronic message to a bankto immediately take the money from your account. The merchant isrequired to post a notice about ACH Check Conversion in a prominentand conspicuous location at the time of the transaction. You can stop
payment on an ACH Check Conversion only if it has not yet beenpresented by the merchant.
Checks and drafts
If you want to stop payment of a check, you must use the stop-payment
tool in online banking or the mobile app, go to a U.S. Bank branch or call
U.S. Bank 24-Hour Banking (see last page for phone numbers). Writing
to us will take too much time and we will not have time to act on yourrequest before the check is paid. We may need the following information:
1. the account number the check is written on;
2. the dollar amount;
3. the check number.

This information must be exact and correct. If it is not, we will not be
responsible if the item is paid.
Who can stop a payment and for how long?
1. Any owner can stop payment of any check on the account
whether that owner wrote the check or not (and assuming theitem can still be stopped).
2. A stop payment order is effective for 24 months. You must renew
it prior to the expiration of the stop payment effective period or
the item could get paid. We will not notify you when the stop
payment effective period ends. Fees may be assessed for placing
a stop payment order.
3. You must give us sufficient notice so that we have a reasonable
period of time to act upon your request and verify that the item
has not been paid.
Effect of a stop payment
When you stop payment of a check, you may still be obligated to thepayee, and the payee may still have the right to collect on the check or
the underlying transaction. If we have to defend ourselves for letting you
stop payment on a check, you have to protect us by paying our expenses,
including our reasonable attorney’s fees.
What if we don’t stop payment?
We cannot stop payment of a check that has already been paid.
If you ask us to stop payment of a check and we pay it anyway, we gain
whatever rights the payee has against you. This means, if the check shouldhave been paid, or the payee has the right to collect from you anyway, we
can collect from you. Therefore, if we pay an item that should have been
stopped, before we recredit your account, you will have to prove to us
that by our payment you have suffered a loss and the cause is our failure
to stop the payment.
What kinds of checks does this NOT apply to?
This section does not apply to items not drawn on your account, suchas teller’s checks, official (cashier’s) checks, and accepted checks(e.g., certified checks). We have no responsibility to honor your request
to stop payment of items not drawn on your account. If we agree tostop payment on these items, we may require you to provide us withadditional security (for example, a bond or collateral) and you agree toindemnify us for any damages and costs we incur as a result of stopping
payment of such items.
Fee
To stop a payment you must pay our fee, the amount of which is disclosed
in the pricing information disclosure or agreement for your account.

DORMANT ACCOUNTS AND ESCHEAT
A dormant account is an account that has been inactive. Generally,
subject to state law, “dormant” means there has been no deposit,
withdrawal or other communication from you about the account for theperiod of time as follows:
1. after 12 months for a checking account;
2. after 24 months for a savings accountFor security reasons, we may refuse a withdrawal or transfer from an
account we internally classify as dormant if we cannot reach you in atimely fashion to confirm the transaction’s authorization.
We charge a dormant account fee, unless excluded by account type or
prohibited or restricted by state law. The dollar amount and frequency isdisclosed in our pricing information disclosure.
If your account has a zero balance, we reserve the right to close it. Any
accounts linked as overdraft protection will be de-linked as part of theclosure process. Refer to CLOSING YOUR ACCOUNT for additional
information.
Escheat is the term that is used to describe the process of transferring
an account balance to the state government after an account has been
dormant and if our attempts to contact you fail.
The time period after which funds must escheat to the state varies fromstate to state. Once the funds are transferred to the state, you may beable to recover the funds from the state itself, but not from us.
As permitted by the state, we may deduct the cost of required due
diligence from the balance of your account. This due diligence may
include first class and certified mailings or public notices about youraccount’s pending escheatment, as required by state law. Due diligence
fees are nonrefundable.

12

FDIC PART 370 RECORD-KEEPING
Record-keeping for All Accounts
FDIC Rule Part 370 may require us to collect certain information from you
in order to accurately calculate FDIC insurance coverage for your deposit
account. Failure to provide this information to us could result in the delayof deposit insurance payments
Special Provisions for Third-Party Accounts
If you have opened a deposit account on behalf of the beneficial owner(s)of the funds in the account (for example as an agent, nominee, guardian,executor, custodian or funds held in some other capacity for the benefitof others), those beneficial owners may be eligible for “pass-through”
insurance from the FDIC. This means the account could qualify formore than the standard maximum deposit insurance amount (currently$250,000 per depositor in the same ownership capacity). If the accounthas transactional features (such as check writing capabilities or the useof debit cards), as defined in 12 C.F.R. 370.2(j), you as the account holder
must be able to provide a record of the interests of the beneficial owner(s)in accordance with 12 C.F.R. 370.5(a) and with the FDIC’s requirements
as specified below.
The FDIC has published a Deposit Broker’s Processing Guide that
describes the process to follow and the information you will need toprovide in the event U.S. Bank fails. That information can be accessed on
the FDIC’s website at https://www.fdic.gov/deposit/deposits/brokers/.
In addition, the FDIC published an Addendum to the Deposit Broker’s
Processing Guide, section VIII, which is a good resource to understandthe FDIC’s alternative recordkeeping requirements for pass-throughinsurance and is accessible at the website above. The Addendum sets
forth the expectations of the FDIC for pass-through insurance coverageof any deposit accounts, including those with transactional features.
The Addendum will provide information regarding the records you keepon the beneficial owners of the funds, identifying information for thoseowners, and the format in which to provide the records to the FDIC upon
failure of U.S. Bank. You must be able to provide this information in atimely manner in order to receive payment for the insured amount of passthrough deposit insurance coverage as soon as possible. You have an
opportunity to validate the capability to deliver the required informationin the appropriate format so that a timely calculation of deposit insurance
coverage can be made. Please contact your account representative fordetails on the validation process.
You agree to cooperate fully with us and the FDIC in connection withdetermining the insured status of funds in such accounts at any time. In
the event of failure of U.S. Bank, you agree to provide the FDIC with theinformation described above in the required format within 24 hours of
the failure of U.S. Bank. As soon as the FDIC is appointed, a hold may
be placed on your account so that the FDIC can conduct the deposit
insurance determination; that hold will not be released until the FDIC
obtains the necessary data to enable the FDIC to calculate the deposit
insurance. You understand and agree that your failure to provide thenecessary data to the FDIC may result in a delay in receipt of insured
funds and legal claims against you from the beneficial owners of the funds
in the account. If you do not provide the required data, your accountmay be held or frozen until the information is received, which could
delay when the beneficial owners could receive funds. Notwithstanding
other provisions in this Agreement, this section survives after a receiveris appointed for us, and the FDIC is considered a third-party beneficiaryof this section.

CONSUMER ELECTRONIC CHECK RE-PRESENTMENT
If you write a check on a personal account that we return unpaid because
of insufficient or uncollected funds, the depositor of the check or thedepositor’s bank may resend (“re-present”) the check to us electronically.
That is, the depositor or the depositor’s bank may send us an electronic
instruction (“electronic re-presented check”) to charge your account in
the amount of the check.
Our Handling of Electronic Re-presented Checks. If we receive anelectronic re-presented check from the depositor or the depositor’sbank, we will pay or return the electronic re-presented check as if theoriginal paper check were being re-presented to us. The section titled“Electronic Fund Transfers” will not apply to any electronic re-presented
check.
Ineligible or Unauthorized Electronic Re-presented Checks. For anelectronic re-presented check to be charged to your account, all of thefollowing must be true:• the electronic re-presented check must relate to a paper checkdrawn on a personal account that we returned unpaid because of
insufficient or uncollected funds;• the paper check must not have contained an unauthorized signatureor an alteration and must not have been a counterfeit;• you must not have placed a stop payment on the paper check after
we returned it unpaid but before it was collected electronically;• the paper check must have been less than $2,500.00 in amount;• the paper check must have been dated 180 days or less before thedate on which the electronic re-presented check is sent to us;• the electronic re-presented check must be for the face amount of
the paper check only and may not include any collection fee charged
by the depositor, the depositor’s bank, or a collection agency;• the payee of the paper check must have given you notice that,
if we returned the paper check unpaid because of insufficient or
uncollected funds, the fee could be collected electronically; and• the electronic re-presented check must have been sent to us no
more than twice after the first time we returned the paper check,or no more than once after the second time we returned the paper
check.
You may have the right to reverse any ineligible or unauthorized
electronic re-presented check that we charged to your account. If you
want to reverse an electronic re-presented check because you placed astop payment on the paper check to which the electronic re-presented
check relates after we returned the paper check unpaid but before it wascollected electronically, you must notify us within 15 days after we sendor make available to you the periodic statement that reflects payment ofthat electronic re-presented check. If you want to reverse an electronic
re-presented check for any other reason, you must give us an ACH Claim
Form within 15 days after we send or make available to you the periodic
statement that reflects payment of that electronic re-presented check.
An ACH Claim Form may be obtained by contacting U.S. Bank 24- Hour
Banking or a local U.S. Bank branch. In your claim form, you must declareand swear under oath that the electronic re-presented check was
ineligible or unauthorized. If we receive your notice or claim form within
the 15-day period, we will recredit your account with the amount of thecharge but will not be responsible for any other damages associated withthe transaction.
Stop Payment. If you wish to stop payment of any electronic re- presented
check, you must follow the procedures contained in the rules for stopping
payment of checks, not the procedures contained in the rules for stopping
payment on electronic loan or bill payments.

CHECKING ACCOUNTS AND “SUBACCOUNTS”
For regulatory accounting purposes we may designate two sub-accounts
for a checking account; one sub-account is a savings (non-transaction)account and the other is a checking account. Checks and other third-party
transfers are paid from the checking (transaction) account. As necessary,
we transfer funds from the savings sub-account to the checking subaccount automatically. You cannot access the savings sub-accountdirectly. This accounting device does not affect either the appearance or
the operation of your checking account in any way.

TELEPHONE TRANSFERS
If you have more than one account with us, including a credit card or
open-end loan account, you can transfer funds between your accounts
by telephone. You will need to have a PIN, and enter your accountnumbers, and other qualifications, but if you meet them,
1. you can transfer funds between your accounts by calling our
24-hour phone banking (see last page of this disclosure for phone
numbers), and2. telephone transfers may be made by the same account owners/
signers and usually under the same conditions as generally
applicable to withdrawals made in writing or by other means.
A transfer made by telephone is not immediately completed. It may takeas long as one business day for us to verify the transaction and make thetransfer. Consumer customers are assigned or can choose a PIN whenrequesting an ATM or Debit Card. Consumer customers without a debitcard or ATM card can request a PIN by speaking to a 24-Hour Banking
representative at 800-872-2657. A form is sent by 24-Hour Banking to
the customer for completion and must be mailed back to the address on
the form. A confirmation letter is mailed to the customer once the PIN
has been established.

REQUIRED SIGNATURES
Signature Comparison. We process certain items mechanically, basedon information encoded on checks and other transaction items, and weare not required to examine items and debits drawn on your account. We
collect your signature to obtain your agreement to the rules we establish
for your account, but this does not create any responsibility on our part toverify signatures on items and other charges to your account.

13

Number of Signatures. You agree that if you
1. require the signatures of two or more persons to open an account;
2. have an account in which more than one signature is required tocomplete a transaction;
3. authorize someone to transact some but not all transactions on
your account;
4. authorize someone to transact business on your account forlimited purposes and no others; or
5. use checks that require two or more signatures,such arrangements are strictly between you and the other person(s) you
authorize, whether we have notice of your arrangement (including in aform we provide you) or not. You cannot assert a claim against us for
permitting a transaction so long as any one of the owners or authorized
persons sign or initiate the transaction, even if a person exercises moreauthority than you have given.

CHANGES TO OUR AGREEMENT WITH YOU
We may change any term of this Agreement or add a new one as longas it does not violate applicable law. We will give you reasonable noticein writing, electronically, or by any other method permitted by law. You
agree that in any event 30 days written or electronic notice prior to theeffective date of any change is reasonable. Any notice to one accountowner constitutes notice to all account owners.
If we notify you that the terms of your account have changed, and you
continue to have your account after the effective date of the change, youhave agreed to the new terms. For consumer customers, rules governingchanges in interest rates are provided for separately in the Truth-inSavings disclosure(s) or in another document.
If your account was originally with a prior financial institution, the termsof this Agreement supersede any prior agreements, representations, orunderstandings you may have had with that prior financial institution.
In the event that we change the Resolution of Disputes by Arbitration
provision set forth herein, any such changes will not apply to (1) pending
arbitration, or (2) arbitrations commenced under the rules of the arbitration
forum and the terms of this Agreement, between the time that reasonable
notice is sent as set forth in this section and the effective date of any change.

CLOSING YOUR ACCOUNT
If you intend to close your account:
This section does not apply to an active time deposit (or certificate ofdeposit) account.
If you intend to close your account with us, you should tell us; simply
transferring all the money in your account and reducing your accountbalance to $0.00 is insufficient notice and may result in additional fees
charged to your account.
If you close your account,
1. you are still responsible for transactions you arranged for,including those that arrive after the account is closed;
2. you should pay special attention to pre-authorized electronic
deposits to your account and payments from that account; youshould reroute the deposits to another account and make otherarrangements for the payments, with us and the other institutions
involved;
3. you should not close your account until most of the transactions
you arranged for have been cleared, and you should leave enoughfunds to clear them and the fees that might be due; and4. if it is an interest-bearing account, accrued interest will not be
paid.
If your account is closed and you have a debit or ATM card associatedwith the account, you will need to either:
1. close the associated card; or
2. select a new account to be linked to your card.
If you do not designate a new account, the bank will automatically assign
your ATM/debit card to a new account from any eligible account where
you are an owner/ joint owner. If there are no eligible accounts the card
will be closed.
How the account closure works:
For consumer checking, savings and money market accounts, when you
request an account closure, your account will be placed in a ‘pending
closure’ status for a period of 10 business days. During this 10 businessday ‘pending closure’ period, we will allow pending deposits to becleared and/or post to your account and we will allow pending debitcard transactions that you authorized prior to initiating closure to becleared and/or post to your account. Your debit card will be declined andtransactions will no longer be approved when the account is in ‘pending
closure’ status. Once your account is fully closed, transactions will not
be allowed to post to the account except under limited circumstances.
For example, transactions may be processed after closure if necessary
for fraud investigations, transaction dispute claims, merchant credits, ordeposit adjustments due to errors.
We can close your account:
We can close your account, ATM or debit card for any reason or for noreason at all. If we close your account, we will send you notice withinten days after closing and/or indicate the closure on your next accountstatement. We will send the collected account balance to you at your last
known address as reflected in our account records. At our sole discretion
we may, but are not required to, withhold a sufficient sum to cover any
outstanding items and likely fees. If we withhold any money for suchcontingencies, we will refund that to you after we are satisfied that nofurther withholding is necessary.
If your account is closed for any reason, you authorize us to re-open youraccount to process any transactions authorized prior to account closure,or for other purposes consistent with applicable law.
As part of the account closure, any accounts linked to the Checking
Account as overdraft protection will be de-linked. If a U.S. Bank Reserve
Line of Credit is linked as overdraft protection to a Checking Accountthat is closed for any reason, the Reserve Line will also be closed, and you
must repay any remaining balance according to the monthly payment
coupon included in your future periodic statements.

STATEMENTS AND NOTICESStatements. We will periodically make available to you a paper or
eStatement of your checking or savings account. These statements show
the transactions that occurred in the time period covered by the statement.
If you elect not to review your statement, you are still responsible forhaving access to the information provided in the statement. At our option,a statement will not be produced in any statement period in which service
charges, fees, reversals, refunds or interest are the only transactions on
the account. When other activity exists, such as a deposit or withdrawal,
a statement will be available to you and will include all transactions whichhave occurred since the last statement (this includes any service charges,
fees, reversals, refunds or interest that occurred since the last available
statement). At a minimum, all accounts will receive an annual statement.
Regardless of how frequently a statement is made available, monthly
service charges and other account fees will continue to be deductedfrom the account. In addition, applicable interest will continue to accrue
and be paid periodically as disclosed in the product pricing information
disclosure.
Combined Statements. If you have multiple accounts with us, we may at
any time automatically combine your accounts on a single, easy-to-readmonthly statement. We will only combine statements for accounts thathave common ownership (meaning at least one owner is common acrossmultiple accounts) and the same address and Social Security Number.
If you prefer to continue receiving separate statements, please contact
U.S. Bank within 30 days of receiving your combined statement.
You may reach us by calling one of the numbers listed on the backof this disclosure, sending a letter to U.S. Bank, 60 Livingston Ave,
EP‑MN‑WS5D, St. Paul, MN 55107, or sending a secured email by
logging on to usbank.com and selecting “Contact Us”. Please include
the following information in your correspondence: your name, accountnumber(s) and the reference code “CMBSTMN.”
Your address. You must give us your correct address, and if you moveor change your address, you must keep us advised. You are responsible
for messages and statements we send to the most recent address you
have given us. We may also update your address in our records withouta request from you if we receive an address change notice from the U.S.
Postal Service or if we receive updated address information from our mailservices vendor.
Multiple owners. Periodic statements and notices that we make available
to one owner or agent/signer of an account will be the same as providing
statements and notices to all owners of an account. You agree todesignate the primary address for purposes of receiving statements andother account correspondence. Each account owner agrees that we may
send any legal notice or legal process affecting any owner or the accountto the primary address designated on the account. Each account owneragrees to notify the other owners of any legal notice received at that
address pertaining to such other account owner or to the account.
Your Duty to Examine Your Statement. As used in this section, the term
“problem” means any error, alteration, counterfeit check, or unauthorizedtransaction (including, but not limited to, forged or missing signatures andtransactions you did not initiate) related to your account. Because you
are in the best position to discover any problem, you agree to promptly
examine your statement and report to us any problem on or related toyour statement within 30 calendar days after we mail the statement
14(or make the statement available) to you. Subject to rights under theElectronic Funds Transfer Act with respect to electronic funds transfers,
you agree that we will not be responsible for:1. any problem that you do not report to us in writing within areasonable time not to exceed 30 calendar days after we mail thestatement (or make the statement available) to you;
2. subsequent problems or fraudulent items occurring after 30 daysof the first occurrence; if you fail to report the problem within
30 days of the first occurrence reported on your statement;
3. any problem resulting from a forgery, counterfeit or alteration soclever that a reasonable person cannot detect it (for example,
unauthorized checks made with your facsimile or othermechanical signature device or that look to an average person as
if they contain an authorized signature); or
4. any other problem as otherwise provided by law or regulation.
You agree to waive any rights to recovery you may have against us if you
do not provide notice to us in the manner and within the time requiredby this Agreement. You may not start a legal action against us becauseof any problem unless: (a) you have given us the above notice and (b) the
legal action begins within one year after we send or make your statement
available to you. You agree that if the problem is the result of a seriesof events (for example, multiple forgeries over a period of time) thenthe date the first event occurred is the date from which the period tobring a legal action will begin to run. If you make a claim against us inconnection with a problem, we reserve the right to conduct a reasonable
investigation before re-crediting your account and you agree to fully
cooperate in such investigation. Within 30 days of the date of mailing,
you agree to complete and return an affidavit of unauthorized paper debiton the form we provide you along with any other information we may
request. You further agree to file a police report if we request. If you
refuse to sign such an affidavit or fail to return the affidavit and otherrequested documentation within 30 days of the date we mail it to you,you agree that we may consider the matter resolved and reverse any
provisional credit provided. At our sole discretion, we may, but are notobligated to, provisionally credit your account during the investigation
for all or a portion of the amount claimed. Any provisional credit to youraccount may be reversed if you fail to fully cooperate in our investigationor, if as a result of our investigation, we determine that the charge toyour account was proper. You agree to pay any fees assessed or accrued
against your account during the investigation or that may arise upon
reversal of any provisional credit.
For problems involving an electronic fund transfer, please refer to theElectronic Fund Transfers sections of this Agreement for information on
your rights and obligations relating to such disputes.
This time period for you to examine your statement and reportproblems to us are without regard to our level of care or the commercial
reasonableness of our practices, and without regard to whether cancelledchecks are supplied to you.
Contact us if you do not receive your regular statement. If this is abusiness account, you agree that you will have at least two people review
your statements, notices, and returned checks, or in the alternative, theperson who reviews these will be someone who does not have authority
to transact business on the account.

RETURN OF CANCELLED CHECKSFor some specific consumer and business checking accounts wecurrently offer two plans, with respect to the return of cancelled checks:
1. Check Safekeeping: paid checks that are not returned - yourstatement will show the check number, the amount, and the date
it is paid; or
2. Image Checks on Statement: paid checks that are not returned- your statement will include a reduced image of the front of thecheck or front and back of a check in addition to the number,amount and date the check is paid as part of the statement; (Seethe CHECK 21 section; the images sent with your statement are
not substitute checks themselves, but some may be images ofsubstitute checks.) .
Option 1 is what you will get unless you specifically ask for option 2.
The checking accounts for which these options are available vary. The
products and our fee structures for each option are disclosed in theConsumer Pricing Information, Business Pricing Information or U.S. Bank
Business Essentials® Pricing Information disclosure(s) or agreement foryour account.
(All disclosures can be obtained by stopping in a U.S. Bank branch or for
the Consumer Pricing Information only, call 800-872-2657 to request a
copy.)
If you take option 1 or 2, and you have need for a specific paper check,we can provide a substitute copy to you upon request.

CHECKS, CHECKING ACCOUNTS AND SAVINGSACCOUNTS WITH DRAFT ACCESSNOW Accounts: Transaction accounts are NOW Accounts on which
you can write negotiable orders of withdrawal. Negotiable orders ofwithdrawal look and function like checks, and the rules governing checks
also apply to them. Depending on account features, NOW Accounts may
or may not bear interest. Although we have no intention of exercising
this right, federal regulations require that we reserve the right to requireat least seven days’ written notice prior to withdrawal or transfer of any
funds on your NOW Account.

SAVINGS ACCOUNTS
By the term “savings” account we mean an account that earns interest
but has no specific maturity date or required notice period. (A maturity
date or a required notice period is a characteristic of a time deposit or
certificate of deposit.)
We will provide you with a periodic (quarterly, monthly, annually basedon your account type and account activity) statement for your savings
account and you must examine your statement for errors or forgeries just
as you should for your checking account.
Savings Account Transaction Policy
We reserve the right to require seven days’ notice before any withdrawal
from any savings account, though it is very unlikely we will require such
notice and, if we do, we will require it for all savings accounts.

TIME DEPOSITS
A time deposit is more commonly known as a certificate of deposit or
CD. With a time deposit, you agree to keep your deposit with us for a
specified period of time, or agree to give a required advance notice prior
to withdrawal, and we agree to pay you interest at an agreed upon rate,or an agreed formula for a rate, for that period of time.
We are not required to permit an early withdrawal from a time deposit,
and if we do, it will be on condition that you pay an early withdrawal
penalty. How we charge the early withdrawal penalty will be disclosed to
you when you open such an account.
All the features of your time deposit will be disclosed to you when you
open the account. You can call 24-Hour Banking, visit a local U.S. Bank
branch, or go to usbank.com to find out what CD products and terms weoffer.
If your time deposit, including single maturity, automatically renewable orIndividual Retirement Account CDs, remains inactive for a pre-determined
period of time, as required by state, and our attempts to contact you fail
we may transfer or escheat your funds to the state as required.
Escheat is the term that is used to describe the process of transferring
an account balance to the state government after an account has been
dormant for a pre-determined period of time, as required by state, and if
our attempts to contact you fail.
The time period after which funds must escheat to the state varies fromstate to state. Once the funds are transferred to the state, you may beable to recover the funds from the state itself, but not from us.
As permitted by the state, we may deduct the cost of required due
diligence from the balance of your account. This due diligence may
include first class and certified mailings or public notices about youraccount’s pending escheatment, as required by state law. Due diligence
fees are nonrefundable.

LIMIT OF LIABILITY
We process millions of transactions every day, with the help of complicatedtechnology and other companies. If we make a mistake and charged you
more than we should have, or failed to give you credit you were due, wewill correct the error, so long as you give us sufficient and timely notice
and an opportunity to fix it. See the section above titled Statements andNotices, for your duty to pay attention to your statement and report any
errors. For errors covered by the Electronic Fund Transfers Act refer tothe section Electronic Fund Transfers for Consumer Customers.
You agree – to the extent allowed by law – to waive any indirect,
incidental, special, consequential and punitive damages for errors
or mistakes we make in good faith. This includes damages that mightotherwise be available in a tort or contract action, and whether theconsequences are foreseeable or not.

ELECTRONIC MESSAGES AND AGREEMENTS
Many customers use the Internet and email as their primary form ofcommunication with us. If you provide us with an email address, youagree that we may communicate with you via email and you further agree
to notify us of any changes to your email address.
15

You agree that we may make agreements with you by electronic means.
Your authorization and consent to such an agreement, or your deliveryof instructions, may be made by use of certain numbers, codes, marks,
signs, personal identification numbers (PINs), public or private keys orother means, acceptable to you and to us, to establish your identityand acceptance of the electronic communications. All electronic
communications that meet these requirements will be deemed to bevalid and authentic and you intend and agree that those electronic
communications will be given the same legal effect as written paper
communications signed by you. You agree that electronic copies ofcommunications are valid and you will not contest the validity of theoriginals or copies, absent proof of altered data or tampering.

LEVIES, GARNISHMENTS AND OTHER LEGAL PROCESSWe are a national bank with many locations. You agree that for purposesof this part, we may treat your funds as existing wherever your accountis located, as outlined in the Applicable Law section. You understand andagree that a creditor or governmental agency may attach your accountby service of legal process on any of our locations, at any site designatedby us for acceptance of service of process, on any appointed agent ofours, or any other method authorized by law, court rule, or regulation. We
may accept and comply with legal process served by any means, whetherin person, by mail, facsimile, electronic transmission, or other means.
If we are served with a garnishment, levy, execution, or other legal
process of apparent validity (together referred to as “legal process”),
you understand and agree that we will pay all amounts in the account,or release information about your account, in satisfaction of the legal
process and in compliance with our understanding of applicable law.
If your account is a joint account, for purposes of responding to legal
process, we will consider each joint owner to have an undivided interestin the entire account. Therefore, you agree we may pay all amounts inthe account in satisfaction of any legal process, even if it attaches to theinterest of fewer than all the account owners. You agree that we mayprocess a levy, garnishment, or other legal process served on us even if
we do not process it on the same day it was received. If you believe yourfunds are exempt from legal process, or otherwise should not be subject
to the legal process (for example, if you own funds and the legal processapplies to another joint owner, you believe the court, garnishor, or levying
authority lacks jurisdiction over you or the property, or you believe thegarnishment or levy names the wrong party as garnishee), you agree thatit may be your responsibility to raise any defense to the legal processagainst the party who originated the legal process or seek reimbursementfrom a joint owner.
If we are served with any legal process that tries to attach or in someway prevent you from freely using your funds, you give us the right, but
we have no obligation, to hold any portion of the funds during any timenecessary to determine to our satisfaction who has the legal right to thefunds in your account. If we are not able to determine whether the funds
in your account are subject to the legal process, you agree that we may
deposit the funds with any court which we deem to have jurisdiction over
us or your account and ask that court to determine to whom the funds
belong. You agree to reimburse us for our expenses, including attorney’s
fees and expenses, arising out of the service of the legal process on us
and our response to it.
If the legal process requires us to release information about one or moreaccounts for which combined statements are provided, we may release
the entire combined statement even if other accounts on the statement
are not covered by the legal process.
All legal process is subject to our rights of setoff and our security interest
in your account. We will assess a service fee against your account for
any legal process served on us regardless of whether the process issubsequently revoked, vacated, or released. Unless expressly prohibitedby law, we will set off or enforce our security interest against youraccount for such fee prior to our honoring the legal process. We will not
be liable to you if an attachment, a hold, or the payment of our fee fromyour account leaves insufficient funds to cover outstanding items.

RESOLVING ACCOUNT DISPUTES AND ADVERSE CLAIMS
If a dispute arises concerning your account (including, for example,
a dispute over who is an authorized signer or owner), or if we believe
we have a claim against you or we have or receive a claim by a third
party (including our affiliates) to all or a portion of the property (including
money, certificates of deposit, securities and other investment property,
financial assets, etc.) in your account, or if we have concerns regarding
your account or the use of your account, we have the right to hold any
portion of the property in your account until the dispute, claim, or concern
is resolved to our satisfaction. We will not be liable to you if the holdwe place on your account leaves insufficient funds to cover outstanding
items. For purposes of this section, “account” includes any account you
have with us or any of our affiliates (including, without limitation, agency,
custody, safekeeping, brokerage, and revocable trust accounts). If the
dispute, claim or concern remains unresolved, you agree that we may

at our option deposit the property in your account with a court and ask
the court to determine to whom the property belongs. If we deposit yourproperty with a court, you agree that we may charge your account forour costs, including attorney’s fees and expenses. For disputes coveredby the Electronic Fund Transfers Act refer to the section Electronic FundTransfers for Consumer Customers.

INCREASED COSTS TO MAINTAIN YOUR ACCOUNT
If your account becomes subject to a receivership, court order orbankruptcy, and we are required to implement changes as to youraccount that increase our costs to maintain your account (for example,
a requirement for us to pledge property to secure your account above
the amount of any deposit insurance on your account), you agree toreimburse us for the additional costs and any expenses incurred by us(including legal fees) to implement such required changes as to youraccount.

CONSUMER REPORT DISPUTES
We may report information about your deposit accounts to Consumer
Reporting Agencies (CRA). As a result, this may prevent you fromobtaining services at other financial institutions. If you believe we haveinaccurately reported information to a CRA, you may submit a dispute bycalling 844-624-8230 or by writing to:
U.S. Bank Attn: CBDH Management, P. O. Box 3447, Oshkosh, WI
54903-3447. In order for us to assist you with your dispute, you must
provide: your name, address and phone number; the account number;the specific information you are disputing; the explanation of why it isincorrect; and any supporting documentation (e.g., affidavit of identity
theft), if applicable.

ACCOUNT INFORMATION
Our Privacy Pledge discloses the information we share with other entities
for marketing purposes. We also may be required to provide information
about you and your account when and as required or permitted by law forother purposes, such as, for example:
1. reporting of interest you earn to federal and state tax authorities;
2. reporting of cash transactions that are at reportable limits;
3. investigating and reporting of transactions that we reasonably
determine to be suspicious; and4. responding to subpoenas, court orders, or government
investigations.

SETOFFWe have the right under the law to set off amounts you owe us against
your accounts with us. For purposes of this section, “account” includes
any account you have with us or any of our divisions, departments, andaffiliates (including, without limitation, agency, custody, safekeeping,securities, investment, brokerage, and revocable trust accounts) and“you” includes, without limitation, your revocable trust, any partnershipin which you are a general partner, any prior or successor entity by
way of an entity conversion, and any other series of your series limited
liability company (as applicable). In addition to this legal right, you give
us and our affiliates the contractual right to apply, without demand or
prior notice, all or part of the property (including money, certificates ofdeposit, securities and other investment property, financial assets, etc.)
in your accounts, against any debt any one or more of you owe us or ouraffiliates. If your account is a joint account, you agree we may consider
each joint owner to have an undivided interest in the entire account, so
we may exercise our contractual right of setoff against the entire account.
This includes, for example, debts that now exist and debts that you may
incur later, your obligations under a guaranty, and also includes all fees
you owe us or our affiliates. We will not be liable to you if enforcing ourrights of setoff against your account(s) leaves insufficient funds to cover
outstanding items or other obligations. You agree to hold us harmlessfrom any claim arising as the result of our enforcement of our rights ofsetoff in, or enforcement of our rights of setoff against, your account(s).
Our contractual right of setoff does not apply:
1. to an account that is an IRA or other tax-deferred retirement
account;
2. to a debt that is created by a consumer credit transaction undera credit card plan (but this does not affect our rights under any
consensual security interest); or
3. if our records demonstrate to our satisfaction that the right ofwithdrawal that a depositor/debtor has with us only arises in a
representative capacity (for example, only as an authorized
signer, attorney-in-fact or a fiduciary) for someone else.
This right of setoff is in addition to any security interest that we or anaffiliate of ours might have in your deposit account.
16

SECURITY INTEREST IN ACCOUNTS
You grant to us and our affiliates, a security interest in all your accounts
with us, and all property in your accounts (including money, certificatesof deposit, securities and other investment property, financial assets,etc.), to secure any amount you owe us or our divisions, department,
and affiliates, now or in the future. This includes, for example, debts thatnow exist and debts that you may incur later, your obligations undera guaranty, and also includes all fees you owe us or our affiliates. For
purposes of this section, “account” includes any account you have withus or any of our affiliates (including, without limitation, agency, custody,
safekeeping, securities, investment, brokerage, and revocable trust
accounts) and “you” includes, without limitation, your revocable trust,
any partnership in which you are a general partner, any prior or successor
entity by way of an entity conversion, and any other series of your series
limited liability company (as applicable). In order to provide us and ouraffiliates with control over your account and all property in your accountfor purposes of perfecting the security interest granted above, youagree that we shall comply with any and all order, notices, requests andinstructions originated by us or any of our affiliates directing dispositionof the funds in your account without any further consent from you, evenif such instructions are contrary to your instructions or demands or resultin our dishonoring items which are presented for payment.
If your account is a joint account, you agree we may consider each joint
owner to have an undivided interest in the entire account, so we may
exercise our security interest against the entire account. We may enforce
our security interest without demand or prior notice to you. You agree,
for purposes of this security interest, that our affiliates may comply withany instructions we give them regarding your accounts held with them,without further consent. You also agree that we may comply with any
instructions regarding your accounts that we receive from our affiliates
pursuant to a security interest they have in your accounts with us. We
will not be liable to you if enforcing our security interest against youraccount(s) leaves insufficient funds to cover outstanding items or otherobligations.
You agree to hold us harmless from any claim arising as the result of our
security interest in, or enforcement of our security interest against, youraccount(s).

SECURITY
It is your responsibility to protect the account numbers, including card
numbers and electronic access devices (e.g., an ATM card, debit card,username and password or PIN) we provide to you for your account(s).
If you furnish your access device and grant actual authority to maketransfers to another person (a family member, coworker or employee, forexample) who then exceeds that authority, you are liable for the transfers
unless we have been notified that transfers by that person are no longer
authorized.
Your account number can also be used to electronically remove moneyfrom your account. If you provide your account number in response to atelephone solicitation for the purpose of making a transfer (to purchasea service or merchandise, for example), payment can be made fromyour account even though you did not contact us directly and order thepayment.
You must also take precaution in safeguarding your blank checks.
Notify us at once if you believe your checks have been lost or stolen. As
between you and us, if you are negligent in safeguarding your checks,
you must bear the loss entirely yourself or share the loss with us (we may
have to share some of the loss if we failed to use ordinary care and if wesubstantially contributed to the loss).
We reserve the right to place a hold on your account if we suspect
irregular, fraudulent, unlawful or other unauthorized activity involved
with your account. We may attempt to notify you of such a hold, but weare not required to provide notice prior to placing the hold. You agree
that we may maintain such a hold until all claims against you or us to thefunds held in your account, whether civil or criminal in nature, have been
resolved fully in our sole satisfaction.

RESOLUTION OF DISPUTES BY ARBITRATION
PLEASE READ THIS PROVISION CAREFULLY. UNDER THISPROVISION, YOU WAIVE YOUR RIGHTS TO TRY ANY COVEREDCLAIM IN COURT BEFORE A JUDGE OR JURY AND TO BRING OR
PARTICIPATE IN ANY CLASS OR OTHER REPRESENTATIVE ACTION.
The following provision applies to any claim, cause of action,
proceeding, or any other dispute between you, on the one hand, andus, our respective parents, subsidiaries, affiliates, agents, employees,
predecessors-in-interest, personal representatives, heirs and/or
successors, and assigns, on the other hand (each a “Claim” as further
defined under the heading “Claims Covered by Arbitration”), including
all questions of law or fact related thereto.

Agreement to Arbitrate: Either you or we may elect in writing, andwithout the consent of the other, to arbitrate all Claims covered bythis provision.
Claims Covered By Arbitration: Claims subject to our agreement
to arbitrate shall include all of the following: (1) Claims related to or
arising out of this account Agreement, or any prior or later versionsof this account Agreement as well as any changes to the terms ofthis account Agreement; (2) Claims related to or arising out of any
aspect of any relationship between us that is governed by this accountAgreement, whether based in contract, tort, statute, regulation, or any
other legal theory; (3) Claims related to your use of any of the digital
services we make available to you through our website, online banking
platforms, and mobile apps; and (4) Claims that relate to the formation,
construction, scope, applicability, or enforceability of this arbitration
provision. Claims include Claims that arose before we entered into thisaccount Agreement (such as Claims related to advertising) and aftertermination of this account Agreement.
Arbitration: The party initiating arbitration must initiate such arbitration
with the American Arbitration Association (“AAA”). If AAA is for any
reason unable to serve, then the parties may agree to a comparable
substitute organization. If the parties are unable to agree, then acourt of competent jurisdiction shall appoint a comparable substituteorganization.
Small Claims Jurisdiction: If a party’s Claim is within the jurisdictionof the small claims court where you reside, either party may at any
time choose to take the Claim to that court instead of arbitration.
The party may take the Claim to small claims court without first filingin arbitration or, after a case is filed in arbitration, a party may send
written notice to the opposing party and the arbitration forum that it
wants the Claim decided by a small claims court. After receiving thenotice, the arbitration forum shall administratively close the case.
Arbitration Procedure: The arbitration shall be decided by a single
neutral arbitrator. Except as modified by this Resolution of Disputes by
Arbitration provision, AAA shall administer arbitration in accordancewith AAA’s Consumer Arbitration Rules. AAA’s Rules may be obtained
from www.adr.org or 800-778-7879 (toll free).
At the time of initiating arbitration, the party seeking to initiate
arbitration must provide the other party with the demand for arbitrationand identify the account holder(s) and account(s) at issue, including
the account number(s), and provide a short and plain statement of theclaims asserted and the relief sought. The parties agree that Federal
Rule of Civil Procedure 11 shall apply to the arbitration proceeding,including that the claims and relief sought are neither frivolous nor
brought for an improper purpose.
The arbitrator will decide the dispute in accordance with the termsof our account Agreement and applicable substantive law, including
the Federal Arbitration Act and applicable statutes of limitation.
The arbitrator shall honor claims of privilege recognized at law. The
arbitrator may award damages or other relief (including injunctive
relief) available under applicable law, including relief contemplated
under Federal Rule of Civil Procedure 11. The arbitrator will not havethe authority to award relief to, or against, any person or entity who
is not a party to the arbitration. The arbitrator will take reasonable
steps to protect customer account information and other proprietaryor confidential information. Any arbitration hearing shall take placein the federal judicial district that includes your home address, unless
you and we agree in writing to a different location or the arbitrator soorders. If all Claims are for $10,000 or less, you may choose whether
the arbitration will be conducted solely on the basis of documents
submitted to the arbitrator, through a telephonic hearing, or by an inperson hearing in accordance with AAA’s rules.
At your or our request, the arbitrator will issue a reasoned written
decision sufficient to explain the essential findings and conclusions
on which the award is based. The arbitrator’s award shall be final andbinding, subject to judicial review only to the extent allowed under
the Federal Arbitration Act. You or we may seek to have the award
vacated or confirmed and entered as a judgment in any court having
jurisdiction.
No Class Action or Joinder of Parties: You and we agree that any Claimbrought in arbitration will be brought on an individual basis only. You
and we agree that no class action, private attorney general, or otherrepresentative claims may be pursued in arbitration, nor may suchaction be pursued in court if either you or we elect arbitration. Unlessmutually agreed to by you and us, Claims of two or more persons may
not be joined, consolidated, or otherwise brought together in thesame arbitration (unless those persons are joint account owners or
beneficiaries on your account and/or related accounts, or parties toa single transaction or related transaction). If under applicable law aclaim, remedy or request for relief cannot be compelled to arbitration,then that claim, remedy or request for relief shall be severed and may
be brought in a court of competent jurisdiction under this Agreement
17

after arbitration and all appeals are concluded. The remaining claims,
remedies or requests for relief shall be submitted to arbitrationconsistent with the terms of this provision. If this specific paragraphis determined by the arbitrator to be unenforceable, then this entire
provision shall be null and void .

Deposits you send by mail are considered deposited on the business day
it arrives at the bank. In all cases, availability of any deposit assumes thata requested withdrawal will not overdraw the account.

Arbitration Costs: The parties will be responsible for the costs ofarbitration as set forth in the rules of the applicable arbitration forum
and subject to applicable law. To the extent allowed by applicablelaw, our agreements, and the rules of the applicable arbitration forum,
the arbitrator may award arbitration costs and attorneys’ fees to theprevailing party. Otherwise, each party will pay its own attorney,
expert and witness fees.

The following types of deposits will usually be available for withdrawal
immediately under normal circumstances:• Cash (if deposited in person to an employee of ours);• Electronic direct deposits;• Wire transfers; and• The first $225.00 from the total of all other deposits made on any
given day.

Applicable Law: You and we agree that you and we are participating intransactions that involve interstate commerce and that this provision
and any resulting arbitration are governed by the Federal Arbitration
Act. To the extent state law applies, the laws of the state governing
your account relationship apply. No state statute pertaining toarbitration shall apply.
Severability: Except as this provision otherwise provides, if any partof this provision is deemed to be invalid or unenforceable by thearbitrator, that part will be severed from the remainder of this provisionand the remainder of this provision will be enforced.

ATTORNEY’S FEES
Where used, “attorney’s fees” includes our attorney’s fees, court costs,
collection costs, and all related costs and expenses. Notwithstanding any
provision in this Agreement to the contrary, any provision for attorney’s
fees in this Agreement shall not be enforceable in any dispute governedby the laws of California or Oregon.

LITIGATION CLASS ACTION WAIVER
To the extent a Claim is not submitted to arbitration for any reason, you
and we agree that any Claim filed in court will be brought on an individual
basis only. You and we agree not to participate in any class action, private
attorney general action, or other representative action for any Claim filedin court by any party.

FUNDS AVAILABILITY: YOUR ABILITY TO
WITHDRAW FUNDS – ALL ACCOUNTSThis funds availability policy applies to deposits into a checking or savings
account made at a branch or ATM. This policy does not apply to deposits
made using a remote deposit capture service (like our mobile checkdeposit service). Please see the Digital Services Agreement to learn more
about the funds availability policy applicable to deposits made through amobile or other electronic device.
Some sections of this disclosure apply to all accounts and all customers.
There are special sections for New Accounts, Commercial Accounts,
Wealth Management Accounts and Retail Consumer and BusinessAccounts. We will make that clear in the section headings.
Funds “availability” means your ability to withdraw funds from youraccount, whether those withdrawals are to be in cash, by check, automatic
payment, or any other method we offer you for access to your account.
If deposited funds are not “available” to you on a given day, you may notwithdraw the funds in cash and we may not use the funds to pay items
that you have written or honor other withdrawals you request. If we pay
items that you have written or honor other withdrawals before funds areavailable to you, we may charge a fee for this. Please review the productpricing information disclosure for information regarding overdraft fees
associated with your accounts.
Please remember that even after the item has “cleared,” we have madefunds available to you, and you have withdrawn the funds, you are still
responsible for items you deposit that are returned to us unpaid and forany other problems involving your deposit. See our Returned Deposited
Items For Business Accounts Only section.

DETERMINING THE AVAILABILITY OF A DEPOSIT – ALL
ACCOUNTS
The day funds become available is determined by counting businessdays from the day of your deposit. Every day is a business day except
Saturdays, Sundays, and federal holidays. If you make a deposit in person
at a branch on a business day we are open, we will consider that day tobe the day of your deposit for purposes of calculating when your funds
will become available. However, if you make a deposit at a time or on a
day we are not open, we will consider that the deposit was made on thenext business day we are open.
If a deposit is made after 8:00 p.m. (local time at the ATM location) or ona day we are not open, we will consider the deposit to be made on thenext business day we are open.

IMMEDIATE AVAILABILITY – ALL ACCOUNTS

Cash and wire transfer deposits are subject to the Special Rules for New
Accounts and the $225.00 availability is subject to the rule in the section
titled Longer Delays May Apply.

LONGER DELAYS MAY APPLY
Government Checks, Cashier’s Checks, and Other Types of Special
Checks. If you make a deposit of one of the following items in person to
one of our employees, our policy is to make the funds from those deposits
available no later than the first business day after the day of deposit:• State and local government checks that are payable to you;
• Cashier’s, certified, and teller’s checks that are payable to you; and• Federal Reserve Checks, Federal Home Loan Checks, and U.S. Postal
Money orders that are payable to you.
If you do not make your deposit in person to an employee of the bank (forexample, if you mail us the deposit), funds from these deposits may beavailable no later than the second business day after the day of deposit.
However, we may delay funds for a longer period of time, see section
titled Longer Delays May Apply – Safeguard Exceptions.
Large Deposits. If you deposit checks totaling more than $5,525.00,
in the aggregate, on any one day, then the first $5,525.00 of your total
deposit(s) will be available on the first business day after the day of yourdeposit(s). The excess amount over $5,525.00 will be available on theseventh business day after the day of your deposit(s).
Case-by-Case Delays. In some cases, we will not make all of the funds
that you deposit available to you as provided above. Depending on thetype of check that you deposit, funds may not be available until thesecond business day after the day of your deposit. The first $225.00 ofyour deposit, however, will be available no later than the first business
day after the day of deposit, and usually immediately.
If we are not going to make all of the funds from your deposit available
on the first business day, we will notify you at the time you make yourdeposit. We will also tell you when the funds will be available. If yourdeposit is not made directly to one of our employees (including a deposit
made at an ATM) or if we decide to take this action after you have left
the premises, we will mail you the notice by the day after we receive yourdeposit.
If you will need the funds from a deposit right away, you should ask us
when the funds will be available.
Safeguard Exceptions. In addition, funds you deposit by check may bedelayed for a longer period under the following circumstances:• We believe a check you deposit will not be paid.
• You deposit checks totaling more than $5,525.00 on any one day.
• You redeposit a check that has been returned unpaid.
• You have overdrawn your account repeatedly in the last six months.
• There is an emergency, such as failure of computer orcommunications equipment.
We will notify you if we delay your ability to withdraw funds for any ofthese reasons, and we will tell you when the funds will be available. They
will generally be available no later than the seventh business day after the
day of your deposit.

RETAIL CONSUMER, BUSINESSAND COMMERCIAL ACCOUNTS
Our general availability policy for these accounts is to make funds
available to you on the first business day after the day of deposit. We
generally make some portion of a day’s deposits available for withdrawal
immediately. See the previous section for the types and amounts ofdeposits that are available immediately.

WEALTH MANAGEMENT ACCOUNTS
Our general availability policy for Private Client Accounts is to makefunds you deposit available to you immediately. This immediate availability18policy includes all deposits at any ATM. The section above titled Longer
Delays May Apply also applies to your accounts. If we impose a delay
as provided in that section, then the sections titled Cashing Checks andOther Accounts may also apply.

DEPOSITS AT AUTOMATED TELLER MACHINES – RETAILCONSUMER, BUSINESS AND COMMERCIAL ACCOUNTS
Our Machines. If you make a deposit at a deposit-accepting ATM
identified as ours with the U.S. Bank name, your deposit will generally beavailable on the first business day after the day of deposit. However, incertain circumstances, and at U.S. Bank’s discretion, the funds may not be
available until the second business day after the day of deposit.
Partner ATMs. U.S. Bank has established alliances to expand ATM
convenience. These partner ATMs display the U.S. Bank logo and areincluded in the definition of a U.S. Bank ATM. However, these ATMs
generally do not accept deposits. If we permit a deposit at a partner
ATM, your deposit will not be available until the fifth business day after
the day of deposit.
Other Machines. Generally, deposits at an ATM that is not identified as
ours with the U.S. Bank name are not permitted. If we permit a depositat an ATM that is not identified as ours with the U.S. Bank name, yourdeposit will not be available until the fifth business day after the day ofdeposit.

SPECIAL RULES FOR NEW ACCOUNTS – RETAILCONSUMER AND BUSINESS ACCOUNTS
If you are a new customer, the following special rules will apply during
the first 30 days your account is open.
Funds from electronic direct deposits and deposits of cash and wiretransfers to your account will be available on the day we receive thedeposit. The first $5,525.00 of a day’s total deposits of cashier’s, certified,teller’s, traveler’s, on-us checks (checks drawn on U.S. Bank), and federal,state and local government checks will be available on the first business
day after the day of your deposit if the deposit meets certain conditions.
For example, the checks must be payable to you. The excess amountover $5,525.00 will be available on the fifth business day after the day of
your deposit. If your deposit of these checks (other than a U.S. Treasury
check) is not made in person to one of our employees, the first $5,525.00
will not be available until the second business day after the day of yourdeposit.

DEPOSIT OF PRE-AUTHORIZED DRAFTSA pre-authorized draft is an arrangement whereby you get authority froma person (a customer, usually) to access a deposit account owned by that
person to pay a debt that person owes you. You deposit these “drafts”
into a deposit account with us, and we collect them from your customers,
who may have accounts with us or other banks. (These “drafts” are checks
you create based on information your customer provides you, such as thecustomer’s name and account number, and the express permission yourcustomer gave you to draw on his account.)
When you deposit these pre-authorized drafts, you make the following
agreements and warranties:
1. You have express, verifiable and binding authorization from yourcustomer to access his, her or its account for the amount you ask
us to collect;
2. You will keep the proof of your authorization in retrievable form
for not less than two years from: (a) the date of the authorizationof a one-time draft; or (b) from the date of revocation of theauthorization of recurring drafts. You agree to provide us withsuch proof upon our request;
3. We may reverse any credit given to you for any draft deposited toyour account and returned to us regardless of when it is returnedor the reason for the return. We may take funds in your accountto pay the amount you owe us, and if there are insufficient funds
in your account, you will still owe us the remaining balance.

EARNINGS CREDIT
Fees for services used by you may be assessed in full to your accounts
or may be offset through account analysis by applying earnings credit toyour service charges to determine a single monthly net service charge. Yourearnings credit rate is established by us and will change from time to time.
For business accounts, the variable earnings credit rate may be zero or anegative rate. If the earnings credit rate for any of your account(s) or theindex or other referenced rate upon which the earnings credit rate for youraccount(s) is based is at any time less than zero percent, you agree to pay
all amounts of the negative earnings credit or fees which we impose ascompensation for the negative earnings credit rate. Your net service charge
could be zero if your earnings credit equals or exceeds your total charges ina given month. If your earnings credit is not sufficient to offset the amountdue hereunder, you agree to pay such amounts to us upon demand.

WAIVER OF NOTIFICATION OF REDEPOSITED CHECKS

Funds from all other check deposits will generally be available on thefifth business day after the day of your deposit. In certain instances, we
may hold funds from other check deposits for longer than five businessdays. For example, if we receive a check that falls within the Safeguard
Exception description above, we may delay funds for up to seven businessdays. If we do so, we will provide you with a hold notice at the time ofdeposit or when we learn that we will hold the funds from the deposit.

When you deposit checks to your account, you have a right to be notified
whenever a check you deposit is returned unpaid. We offer a plan (tobusinesses who elect it) whereby we will automatically redeposit checks
returned unpaid due to insufficient funds. To simplify collection of these
items, you give up this right to notification for those items we redeposit. If
these items are returned unpaid a second time, you will receive standard
notification.

CASHING CHECKS

We may withhold the availability of funds represented by a redeposited
check. We will notify you of such delay.

If we cash a check for you that is drawn on another bank, we may withhold
the availability of a corresponding amount of funds that are already inyour account. Those funds will be available at the time funds from thecheck we cashed would have been available if you had deposited it.

OTHER ACCOUNTS
If we accept for deposit a check that is drawn on another bank, we may
make funds from the deposit available for withdrawal immediately but
delay your availability to withdraw a corresponding amount of funds thatyou have on deposit in another account with us. The funds in the otheraccount would then not be available for withdrawal until the day thedeposited item would have been available, which will usually be the firstbusiness day after the day of deposit.

ADDITIONAL TERMS FOR BUSINESSACCOUNTS

All other sections of this Agreement apply to consumer and businessaccounts alike, (except when a rule specifically says it will apply to
consumers). The following sections apply to accounts used primarily
for business purposes.

UNLAWFUL INTERNET GAMBLING AND OTHER ILLEGAL
TRANSACTIONS
You agree that you, or anyone acting on your behalf, will not use youraccount, access device or banking relationship with us to facilitate
illegal transactions such as those prohibited by the Unlawful Internet
Gambling Act of 2006, or otherwise violate any law, rule or regulation
applicable to you. If we identify a suspected illegal transaction, we
may block such transactions, and further we may close your accountor terminate our banking relationship with you.

FACSIMILE SIGNATURES
You may wish to use a facsimile signature stamp or other mechanicalsignature device to sign checks or other orders relating to your accounts.
If you do, we will, without contacting you, debit your account for items
bearing an imprint that looks substantially like your authorized mechanicalsignature, whether or not such items bear the actual facsimile signaturestamp. You agree to notify us and give us a sample imprint if you plan touse such a device. If you do not give us a sample, this section still applies
to your use of the device. You are responsible for the security of any
mechanical signature device. We will not be responsible for payment ofunauthorized items bearing an imprint from, or similar to, your authorizedmechanical signature.

DEPOSITS
Truncation, Substitute Checks, and Other Check Images: If you truncate
an original check and create a substitute check or other replacement
document, or other paper or electronic image of the original check,
you warrant that no one will be asked to make payment on the original
check, a substitute check or any other electronic or paper image, if thepayment obligation relating to the original check has already been paid.
You also warrant that any substitute check(s) you create conforms to thelegal requirements and generally accepted specifications for substitutechecks. You agree to retain the original check in conformance with thetime requirements as outlined in your remote deposit capture agreementwith us. You agree to indemnify us for any loss we may incur as a resultof any truncated check transaction you initiate. We can refuse to accept
substitute checks that have not previously been warranted by a bank orother financial institution in conformance with the Check 21 Act. Unlessspecifically stated in a separate agreement between you and us, we do nothave to accept any other electronic or paper image of an original check.
19

Deposit Preparation, Sorting, and Endorsements: You agree to properly
prepare, sort, and endorse all deposits according to requirements
specified in any applicable user guides and Federal Regulation CC. We
require that you include the external processing code of “6” in Position 44of the MICR line for all remotely created checks, and we reserve theright to dishonor any remotely created check that does not meet therequirement. You agree to indemnify us for any loss we incur that resultsfrom your failure to comply with these requirements.
Requalification: If you elect to have another bank or entity receive andprocess all of your returned checks, such other bank’s endorsement may
be obscured by our depository bank endorsement. You understand andagree that any other endorsement placed on your checks that identify
another bank as the depository bank or the bank to which checks should
be returned may result in illegible or double endorsements, which may
delay the return of your checks. You agree we shall not be liable for any
such delays.
Business Account Cash Deposits: We reserve the right to requirebusiness customers to prepare their cash using a dual pocket deposit bag
that meets our specifications. At our discretion, we may process suchdeposits either at the branch where the deposit is made or at a cash vault
location. If the deposit bag is sent to a cash vault location for processing,
you will be provided with provisional credit based on the amount statedon your deposit ticket. You agree that the cash vault location count of thedeposit amount will be determinative and that we may revoke all or partof the provisional credit based on such count of the deposit amount for
up to ten (10) calendar days after deposit at the branch.

FRAUD PREVENTION MEASURES FOR BUSINESSACCOUNTS
We offer certain products and services, such as “positive pay,” and accountblocks and filters that are designed to detect or deter fraud. Failure touse such services could substantially increase the likelihood of fraud. If
you fail to implement any of these products or services, or if you fail tofollow these or other precautions reasonable for your type of accountor circumstances, you agree that you will be precluded from asserting
any claims against us for paying any unauthorized, altered, counterfeit
or other fraudulent item that such product, service or precaution was
designed to detect or deter, and we will not be required to re-credit youraccount or otherwise have any liability for paying such items.
CUSTOMER SEGREGATED ACCOUNTS. Notwithstanding anything
to the contrary in this Agreement or any other agreement, we will
maintain all money designated as client money—by broker-dealers,
future commission merchants, or derivatives clearing organizations—incustomer segregated accounts in accordance with acknowledgement
letters required by applicable SEC and CFTC rules and regulations.

ELECTRONIC FUND TRANSFERS FORCONSUMER CUSTOMERSThis section applies to payment orders and electronic funds transfers
described below in the section titled Types of Transactions. This section
does not apply to (a) wire transfers or (b) electronic fund transfers initiatedusing online and mobile services (“Digital Services”). When you enroll in
Digital Services, we will provide you with the U.S. Bank Digital Services
Agreement that governs the electronic fund transfer services we makeavailable on our Digital Services platforms.
If you have any questions regarding electronic fund transfers or believethat an unauthorized transaction has occurred, please call U.S. Bank
24-Hour Banking or U.S. Bank Fraud Liaison Center (unauthorizedtransactions) (see last page for phone numbers), visit a local U.S. Bank
branch or write to:
U.S. Bank 24-Hour Banking
EP-MN-WS5D
60 Livingston Ave.
St. Paul, MN 55107
Please read this disclosure carefully because it tells you your rights andobligations for the transactions listed. You should keep this notice for
future reference.

TYPES OF TRANSACTIONS
These are the types of electronic fund transfers covered by this Agreement.
Electronic Fund Transfers Initiated by Third Parties. You may authorize
a third party to initiate electronic fund transfers between your accountand the third party’s account. These transfers to make or receive
payment may be one-time occurrences or may recur as directed by you.
These transfers may use the Automated Clearing House (ACH) or otherpayments network. Your authorization to the third party to make thesetransfers can occur in a number of ways. In all cases, these third-party
transfers will require you to provide the third party with your accountnumber and bank information. Thus, you should only provide your bankand account number information (whether over the phone, the Internet,
or via some other method) to trusted third parties whom you haveauthorized to initiate these electronic fund transfers. Examples of thesetransfers include, but are not limited to:
Direct Deposits. You can arrange for direct deposits to your checking
or savings account(s).
Preauthorized Payments. You can make arrangements directly withyour third party billers to pay certain recurring bills from your checking
or savings account(s).
Electronic check conversion. You may authorize a merchant or otherpayee to make a one-time electronic payment from your checking
account using information from your check to pay for purchases or
pay bills.
Electronic returned check charge. You may authorize a merchant orother payee to initiate an electronic fund transfer to collect a charge
in the event a check is returned for insufficient funds.
Expanded Account Access
What it is. Any card or PIN (personal identification number) can be used
to access up to five checking, savings, line of credit and credit card
account(s) held in the same name at U.S. Bank or any of its bank affiliates;
and any account you open with us and our affiliates may be accessed byyour card or PIN. “Access” means use of a card or account number and
PIN to conduct a transaction or obtain information at ATMs, over the
telephone, or any other available method. If the card or PIN is for a joint
account, that card or PIN can be used to access all the accounts linked tothe card or PIN account, whether joint or individual. Expanded AccountAccess is also applicable to your Digital Services.
The “cards” that can get Expanded Account Access. All U.S. Bank Debit
Cards and ATM cards (excluding prepaid cards), and all U.S. Bank-issued
Credit Cards (including, but not limited to, co-branded credit cards, andall credit lines issued through U.S. Bank and U.S. Bank affiliates).
Fees and Charges for Expanded Account Access. There are no additional
fees or charges just for Expanded Account Access, but fees applicable toeach applicable account will continue to apply in accordance with theterms of the applicable account agreements. The fees and terms for eachof your accounts will be as disclosed in the Consumer Pricing Information
disclosure. (This document can be obtained by contacting a U.S. Bank
branch or calling 800-872-2657.)
The fees and terms for your personal credit cards and lines of credit are
disclosed in the applicable cardmember agreement.
How to Cancel. You can visit a branch or call the U.S. Bank 24-Hour
Banking number at any time to cancel Expanded Account Access. If you
cancel Expanded Account Access for any account, that account will not
be accessible by any card or PIN other than the card or PIN specificallydesignated for that account.
Account Access at Automated Teller Machines
You can access up to five checking, five savings, and five line(s) of credit
or credit card accounts at U.S. Bank ATMs through all your cards held inthe same name (excluding prepaid cards).
You may perform the following transactions at ATMs:• Make cash withdrawals from your checking and savings accounts
associated with your card. Cash denominations vary by ATM.
• Get cash advances from your credit card account using yourU.S. Bank Debit Card or ATM card. (Refer to your cardmember
agreement for any cash advance fees and finance charges that may
apply.)• Deposit funds to checking and savings accounts associated withyour card. Cash deposits made at a U.S. Bank ATM are credited
to your account the same business day. Checks deposited before
8 p.m. local time are posted the same day. Checks deposited after 8
p.m. local time will typically be processed and posted to the accountthe next business day.
• Transfer funds from your account(s) associated with your card.
• Make payments to credit card or line of credit accounts from adeposit account associated with your card.
• Check the current balance of your checking, savings, credit card andline of credit accounts associated with your card.
• Request a statement showing your most recent deposit accounttransactions. (Refer to the Consumer Pricing Information disclosure
regarding any fees for purchasing statements at ATMs. This
disclosure can be obtained by contacting a U.S. Bank branch or
calling 800-872-2657.)• Change your ATM or debit card PIN.
• Make certain charitable contributions from a deposit accountassociated with your card.
20• You may access your Home Equity Line of Credit or Personal Line of
Credit for balance inquiries and making a payment to the respective
line of credit at the ATM.
Some of these transactions are not available at all ATMs.
For customers with a Debit or ATM card that have accessed a Home
Equity Line of Credit or a Personal Line of Credit through the expandedcard access feature, cash withdrawals/advances and transferring fromthe Home Equity Line of Credit or Personal Line of Credit is not allowed.
Purchases at Merchants
You may use any of your U.S. Bank Debit Cards to make purchases atmerchants that accept Visa® debit cards or make money transfers using
your card (through a third party). You may use your U.S. Bank ATM Cardand any of your U.S. Bank Debit Cards to make purchases by entering yourPIN at participating merchants. You may also get cash from a merchant, if
the merchant permits. Purchases made with your card will result in debits
to your “primary” checking account. These transactions will be itemized
on your monthly statement, including the merchant name, location, thedate of purchase and the amount of the purchase.
Partial Debit Card Transactions
Some merchants may be enrolled in Visa’s Partial Authorization service.
This means that if you chose ‘No’ to ATM and Debit Card Overdraft
Coverage, your transaction may be approved for only part of your totalpurchase amount. This occurs when you do not have a sufficient Available
Balance, necessary to pay for the entire transaction, at the time of thepurchase. Additionally, funds from your designated account(s) linked forOverdraft Protection (if applicable) may be considered when determining
the amount that is authorized.
For example, if you attempt a $30.00 transaction when your accounthas an Available Balance of $20.00, your purchase may be approved for$20.00 instead of the entire transaction being declined.
Virtual Debit Card
You can easily access your U.S. Bank debit card virtually through online
banking and the mobile app for immediate use or add it to your mobile
wallet. Please note, one-time passcode verification will be required toshow or copy the card information. If you open a new debit card, it will bedelivered in the mail with the same card number, a new expiration dateand CVV2 (the three-digit number on the back of the card). The mailed
card will require activation. If your virtual card was set up for any one-timeor recurring payments, you will need to update the CVV2 and expiration
date.
Other Electronic Transactions
In addition to transactions initiated by using your U.S. Bank Debit Card,
there are other electronic banking transactions that you may arrange
through your account. These include:• Telephone activated transfers of funds from your accounts with us toother accounts with us or to third parties. These include but are notlimited to transfers made by telephone or text.
• Automatic transfer of funds between checking and savings accounts.
• Automatic periodic payments to third parties or us from checking
or savings accounts (for example, monthly mortgage payments,
installment loan payments, insurance payments, utility payments).
• Direct deposit to checking or savings accounts (for example, payroll
checks, social security payments).
• Electronic check conversions from your checking account using
a blank, partial or fully completed personal check at merchantlocations.
• Payments made to your account through your U.S. Bank Debit Card.
• You can also use any of your U.S. Bank Debit Cards to obtain a cash
advance from your checking account at any Visa® member bankanywhere in the world.
Note: Transactions in this section are covered by Regulation E claims
processes.

LIMITS ON TRANSFERS
New Accounts
Generally, you cannot make deposits at a non-U.S. Bank ATM. If wepermit a deposit at an ATM that is not identified as ours with the U.S. Bank
name, your deposit will not be available until the fifth business day after
the day of deposit.
Security
For security reasons, there are limitations on the transactions that you
may perform with any of your U.S. Bank Debit Cards or U.S. Bank ATM
Cards per day. There are limitations on the number of transactions thatcan be performed per day and the limits may vary. For security reasons we
do not disclose these limits. There are limitations on the dollar amount ofcash withdrawals at ATMs and/or cash that you receive from merchantsover the amount of your purchase. There are also limitations on the total
dollar amount of purchases at merchants and/or cash advances at Visa®
member banks you may perform during each 24-hour period beginningat 4:30 p.m. Central Time. Our standard transaction limits for ATM cards
are $300.00 per day for cash withdrawals and $1,000.00 per day forpurchases. Our standard transaction limits for debit cards are $500.00
per day for cash withdrawals and $1,000.00 per day for purchases and/or cash advances at banks. Our standard money transfer transaction limits
for sending or receiving money through your U.S. Bank Debit Card is$10,000.00 per day. We may change these limitations based on periodic
risk assessments and we reserve the right to make such changes without
notice to you. Transfer limits are also subject to temporary reductions toprotect the security of customer accounts or transfer systems.
Debit Card Transactions
When you use your U.S. Bank Debit Card (Debit Card) for payment, themerchant requests U.S. Bank to authorize the transaction amount. We relyon the merchant to inform us if a debit card transaction is a one-time or arecurring transaction. At the time of the request, we authorize (promise topay) or decline the merchant’s request. If we authorize (promise to pay)
we will reduce your Available Balance by the amount of the merchant’s
authorization request. Some merchants (e.g., hotels, restaurants, gas
stations, car rental agencies) request an authorization that is an estimatedamount of the anticipated purchase instead of the full purchase amount.
As a result, the reduction of your Available Balance may be less or greaterthan the final debit card transaction amount presented for payment. It
is important to note that your Available Balance may change between
the time a debit card transaction is authorized and when the debit cardtransaction is presented for payment.
Debit card authorizations will be reflected as pending transactions
and/or will reduce your Available Balance from the time we receive theauthorization until the merchant presents the item for payment. If thedebit card authorization has not been presented for payment within sevenbusiness days, it may be removed from your pending transactions andyour Available Balance may no longer be reduced by the authorization
amount. Due to prior authorization (promise to pay), if the debit cardtransaction is presented for payment at a later date we will pay the item
regardless of your Available Balance.
If any debit card transaction results in a negative Available Balance atthe time it is presented for payment—even if your Available Balance waspositive at the time the debit card transaction was authorized—you may
be charged an Overdraft Paid Fee. For more information on Available
Balance please see the section titled INSUFFICIENT FUNDS AND
OVERDRAFTS.
Please know, it is your responsibility to ensure your account has asufficient Available Balance to cover all transactions you conduct. We
recommend keeping a record of your balance and deducting everytransaction at the time you initiate it.

FEES
We will charge you fees for electronic fund transfers in accordance with
the information found in our Consumer Pricing Information disclosure.
(This disclosure can be obtained by contacting a U.S. Bank branch or
calling 800- 872- 2657.) The fees may be changed at any time, subject toour giving you any notice required by law.
ATM Transaction Fee. U.S. Bank will assess this fee for each ATM
Transaction (withdrawal, balance inquiry, denied transaction, funds
transfer or deposit) conducted at the Non-U.S. Bank ATM. Non-U.S. Bank
ATMs are defined as any ATM that does not display the U.S. Bank logo in
any manner, physically on the ATM or digitally on the screen.
ATM Surcharge. Non-U.S. Bank ATM owners may apply a surcharge feeon ATM transactions at their ATMs.
U.S. Bank participates in MoneyPass®, an ATM surcharge free network.
To find MoneyPass ATM locations, select “visit the MoneyPass locator” atthe bottom of our ATM locator search results to be taken to the MoneyPass
website. If you use an ATM that uses the MoneyPass® Network and arecharged a surcharge fee, please contact us at 800-USBANKS (872-2657)
for a refund of the surcharge fee.

USING YOUR CARD FOR INTERNATIONAL TRANSACTIONS
You may be able to use your U.S. Bank Debit Card or ATM card for retailpurchases with international merchants, for international cash advances
and all transactions performed at international ATMs utilizing Visa’s
PLUS network. The PLUS network is owned by Visa, and they maintaina locator function on their website. This is not a U.S. Bank sponsoredor affiliated website and we have no control over the results. Refer to
our Consumer Pricing Information disclosure for fee information. (Thisdisclosure can be obtained by contacting a U.S. Bank branch or calling
800- 872- 2657.) We may block transactions in certain foreign countries.
Call us at 800- 872- 2657 for more information. Some merchant and21

ATM transactions, even if you and/or the merchant or ATM are locatedin the United States, are considered international transactions under
the applicable network rules, in which case we will add International
Processing Fees to those transactions.
U.S. Bank does not control how these merchants, ATMs and transactions
are classified for this purpose. If the transaction requires a currency
conversion, the exchange rate in effect when processed may differ fromthe rate in effect on the date of the transaction or the date of the posting
to your Account.
Transactions processed through the Visa® system will be converted
according to the applicable rules established by Visa®. The foreign
currency transaction will be converted to U.S. Dollars by multiplying
the amount of the foreign currency times (a) a rate selected by Visa®
from the range of rates available in wholesale currency markets for theapplicable central processing date, which rate may vary from the rate
Visa® itself receives, or (b) the government-mandated rate in effectfor the applicable central processing date. For transactions processed
through other networks, the international currency transaction will be
converted by that network in accordance with their rules.
Additional fees may apply. If you need to contact us about your card
while outside of the United States, call us collect at 503-401-9991.

ADVISORY AGAINST ILLEGAL USE
You agree not to use your card(s) for illegal gambling or any other illegal
purpose. Display of a payment card logo by, for example, an online
merchant does not necessarily mean that transactions are lawful in all
jurisdictions in which you may be located; therefore, we reserve the rightto decline all online (Internet) gambling transactions.

DOCUMENTATION
Terminal transfers. You may get a receipt at the time you make anytransfer to or from your account using automated teller machines orpoint-of-sale terminals.
Pre-authorized credits. If you have arranged to have direct deposits
made to your account at least once every 60 days from the same person
or company, you can call U.S. Bank 24-Hour Banking, log in to the U.S.
Bank Mobile App or visit our online banking site at usbank.com to find out
whether or not the deposit has been made.
Periodic statements. You will get a monthly account statement unlessthere are no transfers in a particular month. In any case, you will get thestatement at least quarterly for an account to or from which you havearranged for electronic access. In the event your account has become
inactive as defined in the section titled Dormant Accounts and Escheat(refer to page 12) and you have had no electronic activity, you will receive
an annual statement.

PREAUTHORIZED PAYMENTS
If you have arranged for automatic periodic payments to be deductedfrom your checking or savings account and these payments vary inamount, you will be notified by the person you are going to pay ten
calendar days prior to the payment date of the amount to be deducted. If
the date upon which your payment is scheduled to be deducted changes,
the person you are going to pay will notify you seven calendar days prior
to the new scheduled date. To confirm the completion of automatictransfers, payments and/or direct deposits, please contact U.S. Bank
24‑Hour Banking, or log in to your account using our Digital Services.
Right to Stop Payment of Preauthorized Transfers
To stop a preauthorized electronic payment or transfer, please call
U.S. Bank 24-Hour Banking (see last page for phone numbers) or initiate
a stop payment request using Digital Services. You must notify the bankin time for us to receive your request and to be able to act upon it, whichin the case of these electronic payments, is at least three business days
before the transfer is scheduled to occur. We may also require you to put
your request in writing and forward it to us within 14 days after you call.
If you order us to stop one of these payments at least 3 business days
before the transfer is scheduled, and we do not do so, we will be liablefor your losses or damages.

OUR LIABILITY
Liability for failure to make transfers. If we do not complete a transfer
to or from your account on time or in the correct amount according toour agreement with you, we will be liable for your losses or damages.
However, there are some exceptions. We will not be liable, for instance:
1. If, through no fault of ours, you do not have enough money inyour account to make the transfer.
2. If you have an overdraft line and the transfer would go over thecredit limit.

3. If the automated teller machine where you are making thetransfer does not have enough cash.
4. If the terminal or system was not working properly and you knew
about the breakdown when you started the transfer.
5. If circumstances beyond our control (such as fire or flood)
prevent the transfer, despite reasonable precautions that we havetaken.
6. There may be other rules/limitations stated in our agreement(s)with you that excuse our failure to make a requested transfer(for example, the monthly limit on certain transfers out of nontransaction savings accounts; refer to Savings Accounts,
Withdrawal section on page 15 for additional details).
Authorized Transactions
We assume that all transactions performed with your U.S. Bank ATM
Card or any of your U.S. Bank Debit Cards and/or your personal
identification number (PIN) are authorized unless you promptly notify
us to the contrary. If you intentionally provide another person with themeans and authority to perform electronic banking transactions using
your account, any resulting transactions will be treated as if they were
performed and authorized by you. Such treatment will continue until you
notify U.S. Bank Fraud Liaison Center (see page 22 that the other person
is no longer authorized to use your card and/or PIN (in which case thecard and PIN will have to be deactivated).

UNAUTHORIZED TRANSACTIONS AND LOST OR STOLENCARDSAn unauthorized transaction is one that another person conducts without
your permission and from which you receive no benefit.
In order to avoid unauthorized transactions, please observe the following
basic precautions:• Do not keep your U.S. Bank ATM Card or U.S. Bank Debit Card andpersonal identification number (PIN) together. Do not write your PIN
on your card.
• Do not provide your card or reveal your PIN to another person.
• Notify U.S. Bank Fraud Liaison Center or any U.S. Bank branch of theloss, theft or unauthorized use of your card or PIN.
U.S. Bank Fraud Liaison Center
877-595-6256
We reserve the right to cancel, block, and not renew your access device
for any reason, with or without prior notice. Reasons for suspension ofaccess may include, for example:• Detection of suspicious or fraudulent activity;• Lack of usage;• Misuse; or• Access devices returned as undeliverable by postal service.

CONSUMER LIABILITY FOR UNAUTHORIZED TRANSFERS
Zero Liability for Transactions. Except as provided in the next paragraph,
you are generally protected from all liability for unauthorized use of anyof your U.S. Bank Debit Cards, the associated account numbers printed
on them (including purchases made over the phone, online or in the
U.S. Bank Mobile App) and your ATM card or its associated personal
identification number (PIN). You still need to report the loss or theft ofthese cards, PINs, and any unauthorized transactions to us as soon as
you can. This is necessary so you can get any unauthorized transactions
reversed, prevent further unauthorized transactions, and avoid liability for
subsequent purchases we could have prevented had you given us notice.
This policy also protects you from liability for other types of electronic
fund transfers. Please follow the section entitled Error Resolution Notice
to report any unauthorized activity on your account.
After 60 Days from Statement Notice. If you fail to give us notice of anunauthorized electronic fund transfer within 60 days of when we firstdeliver a statement to you that discloses that unauthorized transaction,
you will be liable for all unauthorized electronic fund transfers that
occur after that 60-day period expires if we could have prevented suchtransaction had you reported it to us within the 60‑day period. This
rule applies to all forms of electronic fund transfers (including but notlimited to ATM transactions, preauthorized withdrawals, online or mobiletransactions, and purchases with any of your U.S. Bank Debit Cards, etc.)that occur after the 60-day period following the first statement notice.
If a good reason (such as a long trip or hospital stay) kept you from tellingus, we may extend this time period.

BUSINESS DAYSBank “business days” are Monday through Friday. Federal holidays are
not included.
22

CONFIDENTIALITY
We will disclose information to third parties about your account aspermitted by law or the transfers you make:
1. where it is necessary for completing transfers; or
2. in order to verify the existence and condition of your account fora third party, such as a credit bureau or merchant; or
3. in order to comply with government agency or court orders; or
4. if you give us your written permission; or
5. according to our privacy pledge, which generally permits us toshare information with companies that perform marketing orother services on our behalf.

ERROR RESOLUTION NOTICE
In case of errors or questions about your electronic transfers, call
U.S. Bank 24-Hour Banking at a number on the last page, visit any
U.S. Bank branch or write us at the address listed below, as soon as you
can, if you think your statement or receipt is wrong or if you need more
information about a transfer listed on the statement or receipt. We musthear from you no later than 60 days after we sent the FIRST statement on
which the problem or error appeared.
1. Tell us your name and account number (if any).
2. Describe the error or the transfer you are unsure about andexplain as clearly as you can why you believe it is an error or why
you need more information.
3. Tell us the dollar amount of the suspected error.
If you tell us orally, we may require that you send us your dispute orquestion in writing within ten business days. We will determine whether
an error occurred within ten business days after we hear from you andwill correct any error promptly. If we need more time, however, we may
take up to 45 days to investigate your dispute or question. If we decide
to do this, we will credit your account within ten business days for theamount you think is in error, so that you will have the use of the money
during the time it takes us to complete our investigation. If we ask you to
put your dispute or question in writing and we do not receive it within ten
business days, we might not provisionally credit your account.
For errors involving new accounts, point-of-sale, or foreign-initiatedtransactions, we may take up to 90 days to investigate your dispute orquestion. For new accounts, we may take up to 20 business days to credit
your account for the amount you think is in error.
We will tell you the results within three business days after completing
our investigation. If we decide that there was no error, we will send you
a written explanation.
You may ask for copies of the documents that we used in our investigation.
Write to us at:
U.S. BankEP-MN-WS5D
60 Livingston Ave.
St. Paul, MN 55107
Error resolution and contact information with respect to Digital Services
is provided in our Digital Services Agreement.

NOTICE OF ATM/NIGHT DEPOSIT FACILITY USERPRECAUTIONS
As with all financial transactions, please exercise discretion when using
an automated teller machine (ATM) or night deposit facility. For your own
safety, be careful. The following suggestions may be helpful:
1. Prepare for your transactions at home (for instance, by filling out
a deposit slip) to minimize your time at the ATM or night deposit
facility.
2. Mark each transaction in your account record, but not while at the
ATM or night deposit facility. Always save your ATM receipts. Do
not leave them at the ATM or night deposit facility because they
may contain important account information.
3. Compare your records with the account statements you receive.
4. Do not lend your ATM card to anyone.
5. Remember, do not leave your card at the ATM. Do not leave any
documents at a night deposit facility.
6. Protect the secrecy of your Personal Identification Number (PIN).
Protect your ATM card as though it were cash. Don’t tell anyone
your PIN. Don’t give anyone information regarding your ATM card
or PIN over the telephone. Never enter your PIN in any ATM that
does not look genuine, has been modified, has a suspicious device
attached, or is operating in a suspicious manner. Don’t write yourPIN where it can be discovered. For example, don’t keep a note ofyour PIN in your wallet or purse.
7. Prevent others from seeing you enter your PIN by using your bodyto shield their view.

8. If you lose your ATM card or if it is stolen, promptly notify us.
You should consult the other disclosures you have received about
electronic fund transfers for additional information about what to do
if your card is lost or stolen.
9. When you make a transaction, be aware of your surroundings. Lookout for suspicious activity near the ATM or night deposit facility,
particularly if it is after sunset. At night, be sure that the facility(including the parking area and walkways) is well lighted. Consider
having someone accompany you when you use the facility,
especially after sunset. If you observe any problem, go to anotherATM or night deposit facility.
10. Do not accept assistance from anyone you do not know when using
an ATM or night deposit facility.
11. If you notice anything suspicious or if any other problem arises after
you have begun an ATM transaction, you may want to cancel thetransaction, pocket your card and leave. You might consider using
another ATM or coming back later.
12. Do not display your cash; pocket it as soon as the ATM transaction
is completed and count the cash later when you are in the safety ofyour own car, home, or other secure surrounding.
13. At a drive-up facility, make sure all the car doors are locked and allof the windows are rolled up, except the driver’s window. Keep theengine running and remain alert to your surroundings.
14. We want the ATM and night deposit facility to be safe andconvenient for you. Therefore, please tell us if you know of any
problem with a facility. For instance, let us know if a light is notworking or there is any damage to a facility. Please report any
suspicious activity or crimes to both the operator of the facility andlocal law enforcement officials immediately.

ELECTRONIC FUND TRANSFERS FOR
BUSINESS CUSTOMERSThis section governs transactions initiated by you or your employees using
a U.S. Bank Business Debit Card or ATM Card, or other U.S. Bank card
products offered to business customers from time to time by U.S. Bank(“Business Debit Card(s)”). This section does not apply to electronic fundtransfers initiated using online and mobile services (“Digital Services”).
When you enroll in Digital Services we will provide you with the U.S.
Bank Digital Services Agreement that governs the electronic fund transfer
services we make available on our Digital Services platforms.
Your use of business debit cards is subject to the fees and terms of yourchecking and savings accounts as set forth elsewhere in this Agreement
and in related disclosures and fee schedules, which are available atany branch in your state. Some ATM networks impose an additionaltransaction fee unrelated to our fees and charges and may be assessed
to your account. Other electronic transactions against your account,whether or not initiated or authorized by you will be governed by the
specific Agreement between us related to such transactions and/ or all
applicable rules and regulations governing such transactions, including
without limitation, the rules of the National Automated Clearing House
Association (NACHA) as may be amended from time to time.
Under NACHA rules we cannot return an unauthorized electronictransaction (ACH debit) unless you notify us no later than 5:00 p.m.
Central Time on the business day following the settlement date of thetransaction. Otherwise, your sole recourse is to the originator of thetransaction.

ACCOUNT ACCESS
Any business debit card or personal identification number (PIN) issued
to or selected by you, except sole proprietors who choose to have asole proprietor business debit card, may access only related businesschecking or business savings accounts (for example, accounts with thesame name or tax identification number). Sole proprietor business debit
cards, however, can access up to five checking accounts, five savings
accounts, and five line of credit or credit card accounts through Expanded
Account Access. Sole proprietor cards may access business and personalaccounts. For more information on Expanded Account Access, see theElectronic Fund Transfers for Consumer Customers section.
Access methods will differ depending on the business debit card selectedby you and approved by us. All business debit card services may not be
available depending on the access method selected.

LIMITS ON TRANSFERS
New Accounts
Generally, you cannot make deposits at a non-U.S. Bank ATM. If wepermit a deposit at an ATM that is not identified as ours with the U.S. Bank
name, your deposit will not be available until the fifth business day after
the day of deposit.

23

Security
For security reasons, there are limitations on the transactions that you
may perform with any of your U.S. Bank Business Debit Cards or U.S. Bank
Business ATM Cards, per day. There are limitations on the number oftransactions that can be performed per day and the limits may vary. For
security reasons we do not disclose these limits. There are limitations
on the dollar amount of cash withdrawals at ATMs and/or cash thatyou receive from merchants over the amount of your purchase. There
are also limitations on the total dollar amount of purchases at merchants
and/or cash advances at Visa® member banks you may perform during
each 24‑hour period beginning at 4:30 p.m. Central Time. Our standardtransaction limits for business ATM cards are $500.00 per day forcash withdrawals and $2,500.00 per day for purchases. Our standardtransaction limits for business debit cards are $500.00 per day for cash
withdrawals and $10,000.00 per day for purchases and/or cash advances
at banks. Our standard money transfer transaction limits for sending or
receiving money through your U.S. Bank Debit Card is $10,000.00 perday. We may change these limitations based on periodic risk assessments
and we reserve the right to make such changes without notice to you.
Transfer limits are also subject to temporary reductions to protect the
security of customer accounts or transfer systems.

• Change your ATM or debit card PIN.
• Make certain charitable contributions from a deposit accountassociated with your card.
Some of these transactions are not available at all ATMs.

Debit Card Transactions
When you use your U.S. Bank Business Debit Card (Debit Card) for
payment, the merchant requests U.S. Bank to authorize the transaction
amount. We rely on the merchant to inform us if a debit card transaction
is a one-time or a recurring transaction. At the time of the request, we
authorize (promise to pay) or decline the merchant’s request. If we
authorize (promise to pay) we will reduce your Available Balance by
the amount of the merchant’s authorization request. Some merchants(e.g., hotels, restaurants, gas stations, car rental agencies) request an
authorization that is an estimated amount of the anticipated purchaseinstead of the full purchase amount. As a result, the reduction of yourAvailable Balance may be less or greater than the final debit cardtransaction amount presented for payment. It is important to note thatyour Available Balance may change between the time a debit cardtransaction is authorized and when the debit card transaction is presented
for payment.

Virtual Debit Card
You can easily access your U.S. Bank debit card virtually through online
banking and the mobile app for immediate use or add it to your mobile
wallet. Please note, one-time passcode verification will be required toshow or copy the card information. If you open a new debit card, it will bedelivered in the mail with the same card number, a new expiration dateand CVV2 (the three-digit number on the back of the card). The mailed
card will require activation. If your virtual card was set up for any one-timeor recurring payments, you will need to update the CVV2 and expiration
date.

Debit card authorizations will be reflected as pending transactions
and/or will reduce your Available Balance from the time we receive theauthorization until the merchant presents the item for payment. If thedebit card authorization has not been presented for payment within sevenbusiness days, it may be removed from your pending transactions andyour Available Balance may no longer be reduced by the authorization
amount. Due to prior authorization (promise to pay), if the debit cardtransaction is presented for payment at a later date we will pay the item
regardless of your Available Balance.
If any debit card transaction results in a negative Available Balance atthe time it is presented for payment—even if your Available Balance waspositive at the time the debit card transaction was authorized—you may
be charged an Overdraft Paid Fee. For more information on Available
Balance please see the section titled INSUFFICIENT FUNDS AND
OVERDRAFTS.
Please know, it is your responsibility to ensure your account has asufficient Available Balance to cover all transactions you conduct. We
recommend keeping a record of your balance and deducting everytransaction at the time you initiate it.
Account Access at Automated Teller Machines
You may use any of your Business Debit Cards (except as noted below
in Employee Debit Cards and ATM Cards) to make the following
transactions at ATMs:• Make cash withdrawals from your checking and savings accounts.
Cash denominations vary by ATM.
• Get cash advances from your credit card or line of credit account.
(Refer to your cardmember agreement for any cash advance fees
and finance charges that may apply.)• Deposit funds to checking and savings accounts associated withyour card. Cash deposits made at a U.S. Bank ATM are credited
to your account the same business day. Checks deposited before
8 p.m. local time are posted the same day. Checks deposited after 8
p.m. local time will typically be processed and posted to the accountthe next business day.
• Transfer funds from your account associated with your card.
• Make payments to credit card or line of credit accounts from adeposit account associated with your card.
• Check the current balance of your linked checking, savings, credit
card and line of credit accounts.
• Request a statement showing your most recent deposit accounttransactions. (Refer to your account fee disclosures regarding any
fees for purchasing statements at ATMs.)

Purchases at Merchants
You may use any of your Business Debit Cards (except as noted below
in Employee Debit Cards and ATM Cards) to make purchases at Visa®
merchants that accept debit cards or make money transfers using yourcard (through a third party). You may use any of your business debit cards
to make purchases by entering your PIN at participating merchants. You
may also get cash from a merchant, if the merchant permits. Purchases
made with your card will result in debits to your “primary” checking
account. These transactions will be itemized on your monthly statement,
including the merchant name, location, the date of purchase and theamount of the purchase.
Employee Debit Cards and ATM Cards
Business debit cards issued to employees only allow ATM deposits at
an automated teller machine. They do not allow ATM cash withdrawals.
Employee ATM cards do not have purchase access at merchants.

Other Electronic Transactions
In addition to transactions initiated by using your business debit card,
there are other electronic banking transactions that you may arrange
through your account. These include:• Telephone activated transfers of funds from your accounts with us toother accounts with us or to third parties. These include but are notlimited to transfers made by telephone or text.
• Automatic transfer of funds between checking and savings accounts.
• Automatic periodic payments to third parties or us from checking
or savings accounts (for example, monthly mortgage payments,
installment loan payments, insurance payments, utility payments).
• Direct deposit to checking or savings accounts (for example, payroll
checks, social security payments).
• Electronic check conversions from your checking account using
a blank, partial or fully completed personal check at merchantlocations.
• Payments made to your account through your U.S. Bank Debit Card.
• You can also use any of your Business Debit Cards to obtain a cash
advance from your checking account at any Visa® member bankanywhere in the world.

FEES
We will charge you fees for electronic fund transfers in accordance with
the information found in our Business Pricing Information or U.S. Bank
Business Essentials® Pricing Information disclosure(s). The fees may bechanged at any time, subject to our giving you any notice required by law.
ATM Transaction Fee. U.S. Bank will assess this fee for each ATM
Transaction (withdrawal, balance inquiry, denied transaction, funds
transfer or deposit) conducted at the Non-U.S. Bank ATM. Non-U.S.
Bank ATMs are defined as any ATM that does not display the U.S. Bank
logo in any manner, physically on the ATM or digitally on the screen.
ATM Surcharge. Non-U.S. Bank ATM owners may apply a surcharge feeon ATM transactions at their ATMs.
U.S. Bank participates in MoneyPass®, an ATM surcharge free network.
To find MoneyPass ATM locations, select “visit the MoneyPass locator” atthe bottom of our ATM locator search results to be taken to the MoneyPass
website. If you use an ATM that uses the MoneyPass® Network and arecharged a surcharge fee, please contact us at 800-USBANKS (872-2657)
for a refund of the surcharge fee.

USING YOUR CARD FOR INTERNATIONAL TRANSACTIONS
You may use your business debit card for retail purchases with internationalmerchants, for international cash advances and all transactions performed
at international ATMs that bear any of the network logos found on yourcard. Refer to our Business Pricing Information or U.S. Bank Business
Essentials® Pricing Information disclosure(s) for fee information. (Bothdisclosures can be obtained by stopping into a U.S. Bank branch. We
24may block transactions in certain foreign countries. Call us at 800-6733555 for more information.) Some merchant and ATM transactions, even
if you and/or the merchant or ATM are located in the United States,
are considered international transactions under the applicable network
rules, in which case we will add International Processing Fees to thosetransactions. U.S. Bank does not control how these merchants, ATMs,
and transactions are classified for this purpose. If the transaction requires
a currency conversion, the exchange rate in effect when processed may
differ from the rate in effect on the date of the transaction or the date of
the posting to your Account.
Transactions processed through the Visa® system will be converted
according to the applicable rules established by Visa®. The foreign
currency transaction will be converted to U.S. Dollars by multiplying
the amount of the foreign currency times (a) a rate selected by Visa®
from the range of rates available in wholesale currency markets for theapplicable central processing date, which rate may vary from the rate
Visa® itself receives, or (b) the government-mandated rate in effectfor the applicable central processing date. For transactions processed
through other networks, the international currency transaction will be
converted by that network in accordance with their rules.
Additional fees may apply. If you need to contact us about your card
while outside of the United States, call us collect at 503-401-9991.

BALANCE REQUIREMENTS
Transactions using your business debit card will be completed only if
sufficient funds are available in the applicable account balance, overdraft
protection or other linked credit facility to fully perform the transaction.

UNAUTHORIZED TRANSACTIONS AND LOST OR STOLENCARDS AND SECURITY
You are solely responsible for maintaining the security of your businessdebit cards and PINs and their use by you and your employees and otheragents. You shall be liable for the acts of your employees and agents
related to your business debit cards, including business debit card
applications and other service requests. If you provide another personwith the means to perform transactions related to your accounts using
your business debit card or PIN, any resulting transactions will be treatedas if they were performed and authorized by you.
You are generally protected from liability for unauthorized use of yourbusiness debit card.
The U.S. Bank Zero Liability policy is subject to certain conditions. If wedetermine that the unauthorized transaction was caused by your grossnegligence or fraud, the U.S. Bank Zero Liability policy will not apply.
You still need to report the loss or theft of these cards, PINs, and any
unauthorized transactions to us as soon as you can. This is necessary
so you can get any unauthorized transactions reversed, prevent further
unauthorized transactions, and avoid liability for subsequent purchases
we could have prevented had you given us notice.
You must report an unauthorized debit card transaction to us within areasonable time, not to exceed 60 days, from the day we send or makeyour account statement available to you on which an unauthorizedtransaction is first reported. If you fail to give us notice of an unauthorized
debit card transaction within 60 days of when we first deliver a statement
to you that discloses that unauthorized transaction, you will be liable forall debit card transactions that occur after that 60-day period expires
if we could have prevented such transaction had you reported it to us
within the 60-day period.

U.S. Bank 24-Hour Banking
Cincinnati Metro Area:513-632-4141
Denver Metro Area:303-585-8585
Milwaukee Metro Area:414-765-4636
St. Louis Metro Area:314-425-2000
Minneapolis/St. Paul Metro Area:612-USBANKS (872-2657)
Portland Metro Area:503-USBANKS (872-2657)

Please be aware that consumer rights governed by the Electronic FundTransfer Act do not apply to business accounts and we are not liable toreimburse you for unauthorized or erroneous transactions that may occur
on your business account via electronic fund transfer.

All Other Areas:800-USBANKS (872-2657)

If you believe that an erroneous or unauthorized transaction has occurred
using your business debit card, or if your card has been lost or stolen, or if
you want to cancel a business debit card issued to you or your employee/
agent, or if you want to change your PIN, you must immediately telephone
us at:

U.S. Bank Business Service Center

Outside the U.S.:503-401-9991 (call collect)

Monday - Friday:8:00 a.m. to 8:00 p.m. CT
Saturday:8:00 a.m. to 6:30 p.m. CT
Minneapolis/St. Paul Metro Area:651-244-7770
All Other Areas within the U.S.:800-673-3555
Outside the United States:503-401-9992

U.S. Bank Fraud Liaison Center
877-595-6256

U.S. Bank accepts relay calls.
© 2024, U.S. Bank National Association© 2024 Wolters Kluwer Financial Services, Inc. All rights reserved.

40341

USB-AIB 08/12/2024 Custom 202245931-030

25